The Federal Reserve holds interest rates steady but hints at more action this year
NPRThe Federal Reserve holds interest rates steady but hints at more action this year Enlarge this image toggle caption Saul Loeb/AFP via Getty Images Saul Loeb/AFP via Getty Images The Federal Reserve left interest rates unchanged Wednesday, but signaled that it's open to an additional rate hike, if necessary, to combat stubborn inflation. Sponsor Message Economic projections released Wednesday show most Fed policymakers think one additional rate hike will be needed before the end of this year. Enlarge this image toggle caption Michael M. Santiago/Getty Images Michael M. Santiago/Getty Images Contemplating the path forward Members of the rate-setting committee also signaled that interest rates are likely to remain higher for longer than had been expected a few months ago. Sponsor Message "It feels like there's a higher bar for raising rates, but also a higher bar for cutting rates as well," Pearce said.