Inflation not dire enough to sway Fed

Fed stands pat on short-term rates
The Federal Reserve is keeping its target for the interest rate banks charge each other for overnight loans at 2 percent, as expected, saying labor markets have softened and financial markets remain "under considerable stress."

All rights reserved. This content may not be used or reproduced in any manner whatsoever, in part or in whole, without written permission of Inman News. Use of this content without permission is a violation of federal copyright law.