The US Federal Reserve is widely expected to leave its benchmark interest rate unchanged after its two-day meeting concludes Wednesday, A P reported. Policymakers are seen to be more willing to tighten monetary policy when they meet again on September 15–16.
Inflation has remained above the central bank’s 2% target for more than five years. Fed Chair Kevin Warsh, presiding over his second policy meeting, told Congress earlier this month that he had “no tolerance” for elevated inflation.
