The Fed Maintains Interest Rates Even As Inflation Cools

Cut out of Federal Reserve Bank sitting atop $100 bills.

The Federal Reserve surprised no one today in announcing that it will hold the benchmark interest rates at the current 5.25% to 5.5% target range, citing a need to still keep inflation in check.

The central bank’s rate-setting group, the Federal Open Market Committee (FOMC), pointed to recent indicators showing that economic activity has slowed from its strong pace in the third quarter.