Summary
The Federal Reserve held interest rates steady on Wednesday after raising borrowing costs in September to curb inflation. CBS News reporter Kelly O’Grady explained the decision in a video segment.Key Facts
- The Federal Reserve kept interest rates unchanged on Wednesday.
- The Fed had raised borrowing costs in September.
- The September rate increase aimed to curb inflation.
- The article describes inflation as high but gives no inflation rate.
- CBS News reporter Kelly O’Grady discussed the Fed’s decision.
