NEW YORK - The US Federal Reserve on Wednesday kept the target range for the federal funds rate unchanged at 3.5 to 3.75 percent, as widely expected by the market.

The US Federal Reserve left interest rates unchanged on Wednesday in a range of 3.5% to 3.75%, the fifth consecutive meeting without a move, in a decision that exposed an unusual…

The Federal Reserve on Wednesday held interest rates steady as policymakers continued to navigate an increasingly uncertain inflation picture.

Investors had largely expected that the Fed would hold interest rates steady, given ongoing concerns with high inflation.

Fed maintains rates at 3.50%-3.75% after FOMC meeting. Pause in rate changes by September at 34% YES.