Fed leaves interest rates unchanged, implies one more hike ahead

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The Federal Reserve is keeping its fed funds target rate unchanged at a range of 5.25% to 5.50%. Officials see the top end of the range as 5.75%, implying one more rate hike is ahead. In the statement, the Federal Open Market Committee reiterated that inflation remains "elevated" and that job growth has slowed, but remains "strong." Yahoo Finance Federal Reserve Reporter Jennifer Schonberger breaks down the Fed's statement.

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