(Reuters) - The rate-setting Federal Open Market Committee began its fourth meeting of the year at about 2 p.m. , a Fed official said. A statement outlining the committee's decision is due on Thursday at about 2:15 p.m. .
The Fed is expected to hold its target for benchmark overnight borrowing costs steady at 5.25 percent, a level reached a year ago, and repeat that its main concern is that inflation fails to moderate as expected.
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The Fed is expected to hold its target for benchmark overnight borrowing costs steady at 5.25 percent, a level reached a year ago, and repeat that its main concern is that inflation fails to moderate as expected.
Read more at Reuters.com Business News
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