Fed keeps key rate steady though notes rising inflation

By: Martin Crustsinger Associated Press May 3, 2018

The Federal Reserve kept its benchmark interest rate unchanged Wednesday but noted that inflation is nearing its 2 percent target rate after years of remaining undesirably low. The Fed ended its latest policy meeting by leaving its key short-term rate unchanged at 1.5 percent to 1.75 percent, the level it set in March after its sixth ...

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Fed keeps key rate steady though notes rising inflation

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