The Wall Street Journal

Fed holds rates steady but keeps door open to another hike

Fed holds rates steady but keeps door open to another hike
Officials have been trying to balance two key risks. (Image: Getty)
The Wall Street Journal
By Nick TimiraosWASHINGTON – The US Federal Reserve left interest rates unchanged at a 22-year high but kept the door open to potentially raising them later to keep slowing inflation.Officials described recent economic activity as strong and highlighted how a run-up in long-term interest rates could weigh on economic activity, according to a statement released after their two-day meeting.Wednesday’s decision comes at a delicate time for financial markets because the 10-year Treasury yield has risen swiftly – by nearl...

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