Official: Fed Keeps Interest Rates Unchanged at Highest Rate Since 2008

The Hill

The Federal Reserve is taking a break from a rapid stretch of rate hikes as it approaches a critical crossroads in its battle with inflation.

The Fed’s rate-setting committee announced Wednesday it would keep its baseline interest rate range unchanged for the first time since January 2022.

The Fed funds rate range will remain at 5 to 5.25 percent, the highest level since 2008.

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