Leave your feedback Share Copy URL https://www.pbs.org/newshour/show/news-wrap-fed-holds-interest-rates-unchanged-as-inflation-remains-elevated Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Audio In our news wrap Wednesday, the Federal Reserve held interest rates unchanged even as officials acknowledged that inflation remains elevated, the federal judge overseeing the prosecution of former Venezuelan president Nicolas Maduro died at the age of 92 and hundreds of passengers aboard a cruise ship found themselves stranded in Cambodia after their trip was cut short due to high fuel prices. Listen to this Segment
News Wrap: Fed holds interest rates unchanged as inflation remains elevated
In short
Central bank policymakers held borrowing costs steady as they continue tracking persistent inflation pressures across the economy. In legal affairs, the federal judge presiding over the criminal prosecution of former Venezuelan President Nicolás Maduro died at 92 years old. Meanwhile, hundreds of cruise ship travelers found themselves stranded in Cambodia after high fuel costs compelled the operator to terminate their journey early.
Key points
- Elevated inflation pressures continue to influence the central bank's decision to maintai…: Elevated inflation pressures continue to influence the central bank's decision to maintain current interest rates.
- A high-profile federal case against Venezuela's former leader has lost its presiding judg…: A high-profile federal case against Venezuela's former leader has lost its presiding judge.
- Escalating fuel expenses forced a cruise line to abruptly abandon its scheduled passenger…: Escalating fuel expenses forced a cruise line to abruptly abandon its scheduled passenger itinerary.