Fed likely to hold rates steady ahead of midterms
Summary
Federal Reserve officials are set to decide Wednesday whether to raise interest rates. Inflation remained elevated: the consumer price index rose 3.7% over the year through September, up from 3.4% in August.Key Facts
- The Federal Reserve will consider interest rates on Wednesday.
- The article says officials will decide whether to raise rates again.
- Annual inflation measured by the consumer price index was 3.7% in September.
- The September inflation rate was up from 3.4% in August.
- The article says persistent inflation is straining Americans ahead of the midterm elections.
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