Fed Keeps Rates Unchanged Amid Frustration with Inflation

Federal Reserve policymakers are showing signs of frustration with inflation, but it seems they're not ready to take action... yet. The central bank's rate-setting committee is meeting this week in Washington, and according to expectations, they will keep their benchmark interest rate unchanged.

The Fed may be losing patience with inflation, but for now, they seem reluctant to act. However, members of the committee might have a change of heart by next September 15-16 when they gather again.