Federal Reserve meeting minutes released Wednesday indicate that central bank officials expect to hold interest rates at elevated levels for 'some time.'
Federal Reserve officials struck a more cautious note during their September policy-setting meeting amid the increasingly uncertain economic outlook, with policymakers divided over the need for additional interest-rate hikes this year. Minutes from the U.S. central bank's Sept.
" Officials voted at the meeting to hold interest rates steady at a range of 5.25% to 5.5%, the highest level since 2001. But policymakers also left the door open to an additional increase this year – and indicated they will hold rates at peak levels for longer than previously expected.
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