Fed keeps key rate steady

WASHINGTON | Fed keeps key rate steady but notes rising inflation

WASHINGTON (AP) — 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 … Continue reading WASHINGTON | Fed keeps key rate steady but notes rising inflation