Fed leaves interest rates unchanged, implies one more hike ahead

The Federal Reserve is keeping its fed funds target rate unchanged at a range of % to %. Officials see the top end of the range as %, 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. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Subscribe to Yahoo Finance: About Yahoo Finance: At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life. Yahoo Finance Plus: With a subscription to Yahoo Finance Plus get the tools you need to invest with confidence. Discover new opportunities with expert research and investment ideas backed by technical and fundamental analysis. Optimize your trades with advanced portfolio insights, fundamental analysis, enhanced charting, and more. To learn more about Yahoo Finance Plus please visit: Connect with Yahoo Finance: Get the latest news: Find Yahoo Finance on Facebook: Follow Yahoo Finance on Twitter: Follow Yahoo Finance on Instagram: Follow Yahoo Finance Premium on Twitter: