(Reuters) - The decision by the central bank's Federal Open Market
Committee keeps the overnight federal funds rate target at the
level it hit in June last year after 17 straight
quarter-percentage point increases.
At its previous two meetings in March and May, the Fed had
described increases in nonfood, nonenergy prices as "somewhat
elevated."
Read more at Reuters.com Economic News
Committee keeps the overnight federal funds rate target at the
level it hit in June last year after 17 straight
quarter-percentage point increases.
At its previous two meetings in March and May, the Fed had
described increases in nonfood, nonenergy prices as "somewhat
elevated."
Read more at Reuters.com Economic News
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