Fed holds interest rates steady amid recent upswing in inflation

By Zach Halaschak

Published September 20, 2023 6:00pm ET

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Fed holds interest rates steady amid recent upswing in inflation — Federal Reserve Chair Jerome Powell speaks during a news conference at the William McChesney Martin Jr. Federal Reserve Board Building following a Federal Open Market Committee meeting on Wednesday, July 26, 2023, in Washington. | (Nathan Howard/AP)

The Federal Reserve said on Wednesday it would hold interest rates steady as it evaluates its next steps amid a recent uptick in inflation.

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