The Fed keeps interest rates flat as US inflation rises

The US Federal Reserve left interest rates unchanged on Wednesday, leaving them between 3.75 % and 4 %.

The decision was supported by 10 of the 12 members responsible for the country’s monetary policy, while inflation continues to rise.

“The Federal Reserve has not achieved its long-term inflation target for more than five years, due to the worst inflation in the last 50 years created by the Joe Biden administration.” Data indicates that consumer inflation was 3.7 % in September. Fed officials have indicated that they see no urgency to raise rates again.

Regarding economic activity, the agency indicated that it is expanding at a strong pace.

M.Pino

Source: diariolasamericas

(Reference image source: Joshua Hoehne on Unsplash)

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