Fed maintains federal funds rate despite elevated inflation
Shinelle Rouldson2021-09-22T16:08:01-05:00On September 22, 2021, the Federal Reserve held its benchmark interest rate at 0 and 0.25% after the Federal Open Market Committee concluded its two-day meeting. This target range is expected to be maintained until labor market conditions have reached levels consistent with the Committee’s assessments. FOMC highlighted advancements in vaccines, and strong policy backing,