The Federal Reserve leaves rates unchanged. Here’s what that means for your wallet
PUBLISHED WED, NOV 1 20232:00 PM EDT UPDATED AN HOUR AGO
By: Jessica Dickler
The Federal Reserve left its target federal funds rate unchanged for the second consecutive time Wednesday.
Even so, consumers likely will get no relief from current sky-high borrowing costs.
Altogether, Fed officials have raised rates 11 times in a year and a half, pushing the key interest rate to a target range of 5.25% to 5.5%, the highest level in more than 22 years.
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