Fed seen on hold as core inflation edges lower

(Reuters) - Financial markets widely expect the U.S. central bank to hold benchmark overnight interest rates at 5.25 percent, a level reached in June last year after 11 straight increases.




Investors will watch closely to see if the Fed nods to a recent easing in measures of core inflation, which strip out food and energy prices to give a better sense of price trends, when it announces its decision around 2:15 p.m. .


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