News Wrap: Fed holds interest rates unchanged as inflation remains elevated
Also reported by CBS News
Summary
The Federal Reserve kept interest rates unchanged while officials said inflation remains elevated. Separately, a judge overseeing the prosecution of former Venezuelan president Nicolas Maduro died at age 92, and hundreds of cruise passengers were stranded in Cambodia after high fuel prices cut short their trip.Key Facts
- The Federal Reserve held interest rates unchanged.
- Fed officials acknowledged that inflation remains elevated.
- A federal judge overseeing the prosecution of former Venezuelan president Nicolas Maduro died at age 92.
- Hundreds of cruise ship passengers were stranded in Cambodia.
- High fuel prices led to the cruise trip being cut short.
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