JUST IN: THE FEDERAL RESERVE HOLDS INTEREST RATES STEADY AT 3.50-3.75% 🇺🇸 The vote was unanimous. From the statement: - Inflation remains elevated relative to the 2% goal, in part reflecting supply shocks that have raised prices in certain sectors, including energy - Economic activity is expanding at a solid pace despite elevated uncertainty tied in part to the Middle East conflict - Productivity growth and capital investment are strong - Job gains have kept pace with the workforce and the unemployment rate has changed little - Committee reaffirmed its policy of maintaining ample reserves and instructed the Open Market Desk to increase securities holdings "when appropriate" The Fed says the committee will deliver price stability.