Fed holds rates steady but keeps door open to another hike

Officials have been trying to balance two key risks. (Image: Getty)

Thu, 02 Nov 2023

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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