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The Independent UK
The Independent UK
National
Paul Wiseman

Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now

Senate Federal Reserve - (AP Photo/Jose Luis Magana)

Federal Reserve policymakers are losing patience with inflation, but they may not be ready to turn their frustration into action -- not this week anyway.

Meeting in Washington Tuesday and Wednesday, the Fed is expected to keep its benchmark interest rate unchanged. Members of the central bank’s rate-setting committee may not be so reluctant to act when they gather again next Sept. 15-16.

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