Fed holds interest rates steady, keeping December hike possible

The U.S. Federal Reserve left its benchmark interest rate unchanged, in line with market expectations. The central bank remains focused on bringing down inflation, which is still running well above its 2% target. A rate increase in December is still considered likely based on the current outlook. The decision reflects the Fed's continued emphasis on price stability over near-term rate cuts. The article provides no further details on the timing or size of any future move.