The Federal Reserve kept interest rates at 3.75%-4.00%, citing strong economic activity and still elevated inflation. The resolution passed 10–2, with Lisa Cook and Beth Hammack voting instead for a 25 basis point increase. The Fed is waiting for additional data that will bring inflation back to the 2% target.

The Federal Reserve kept interest rates at 3.75%-4.00%, citing strong economic activity and still elevated inflation. The resolution passed 10–2, with Lisa Cook and Beth Hammack voting instead for a 25 basis point increase. The Fed is waiting for additional data that will bring inflation back to the 2% target.