Economy

Fed, still worried about inflation, expected to forgo rate hike this week

By Zach Halaschak
Published October 28, 2023 9:24am ET
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Fed, still worried about inflation, expected to forgo rate hike this week
Federal Reserve Chairman Jerome Powell speaks at a meeting of the Economic Club of New York, Thursday, Oct. 19, 2023, in New York. | (Seth Wenig/AP)

The Federal Reserve is set to keep its interest rate steady after central bank officials convene this week to discuss progress in bringing down inflation.

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Tag:

Federal Reserve Inflation Interest Rates Jerome Powell Monetary Policy