Fed Holds Rates Steady, Signals Inflation Concerns
The Federal Reserve left interest rates unchanged this week, maintaining the federal funds rate in a target range of 3.5% to 3.75%. While the Fed left rates unchanged, updated projections from policymakers point toward a different outlook than earlier this year. Federal Reserve officials now expect interest rates to finish 2026 slightly higher than current levels, reversing projections issued three months ago that anticipated rate cuts. The Federal Open Market Committee described the economy as…