Lack of progress on inflation forces hawkish Fed hold
Policymakers at the US central bank raise fresh concerns around price pressures.
The Federal Reserve signaled fresh concerns about inflation as it reaffirmed it needs more evidence that price gains are cooling before cutting interest rates from a two-decade high.
Officials unanimously decided to leave the target range for the benchmark federal funds rate at 5.25% to 5.5% -- w
Learn more about reprints and licensing for this article.
