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Federal Reserve keeps rates unchanged despite elevated inflation

The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, while providing little hint about its next moves. The Fed meeting took place less than a week before the midterm elections, which have focused…

WATCH: Warsh holds briefing after Fed leaves key interest rate unchanged

The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, while providing little hint about the central bank's next moves.

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