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US keeps rates unchanged despite elevated inflation
World
Stephen Culp and Shashwat Chauhan

US keeps rates unchanged despite ‘elevated’ inflation

The US Federal Reserve decided not to raise its main interest rate. despite saying inflation remained ‘inflated’.

Updated
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Christine Lagarde, president of the European Central Bank (ECB), at a rates decision news conference in Frankfurt, Germany, on Thursday, Sept. 14, 2023. The ECB raised interest rates again, acting for the 10th consecutive time to choke inflation out of the euro zone’s increasingly feeble economy. Photographer: Alex Kraus/Bloomberg
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