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Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged — for now — 12:35 a.m.
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By the Associated Press
Federal Reserve policymakers are losing patience with inflation, but they may not be ready to turn their frustration into action — not this week anyway.
Meeting in Washington Tuesday and Wednesday, the Fed is expected to keep its benchmark interest rate unchanged. Members of the central bank’s rate-setting committee may not be so reluctant to act when they gather again next Sept. 15-16.
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