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Fed leaves interest rates unchanged again despite still-high inflation

Posted on AllSides November 1st, 2023
From The Right
Al Drago/Bloomberg via / Getty Images

The Federal Reserve on Wednesday held interest rates steady for the third time this year even as central bankers confront a surprisingly resilient economy and still too-high inflation.

The widely expected decision left interest rates unchanged at a range of 5.25% to 5.5%, the highest level in 22 years. But policymakers also left the door open to an additional increase before the end of the year amid concerns that inflation "remains elevated." 

"In determining the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time,...

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