(Reuters) - NEW YORK, May 9 - U.S. government bond prices fell on Wednesday after the Federal Reserve held interest rates steady and signaled to investors its main concern was that inflation would fail to moderate.
The Fed held the benchmark 5.25 percent fed funds rate unchanged as expected. In its accompanying statement, the Federal Open Market Committee said that core inflation remained somewhat elevated, although added that inflation pressures were likely to moderate over time.
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