Federal Reserve Expected to Keep Rates Unchanged Amid Growing Inflation Concerns

The Federal Reserve is expected to keep its benchmark interest rate unchanged despite growing concerns about inflation. The central bank's rate-setting committee will convene in Washington on Tuesday and Wednesday, September 15-16. Members of the Fed are reportedly losing patience with inflation, but it seems they may not be ready to take action yet.

The decision to keep rates steady is seen as a temporary measure, with some members potentially willing to adjust their stance at the next meeting. This move comes as policymakers grapple with the implications of high prices on the economy.