Federal Reserve interest rate decision: No change ...Middle East

Prior Fed funds rate was 5.25-5.50%Recent indicators suggest that economic activity expanded at a strong pace in the third quarter vs prior statement that said economy was 'solid'Repeats that inflation remains elevated.Repeats " the extent of additional policy firming that may be appropriate to return inflation to 2 percent over time"Repeats "The Committee remains highly attentive to inflation risks"The market was pricing in a 25% chance of a hike at the December meeting before the statement was released.Here is the side-by-side statement, which doesn't offer anything market moving:There was some angst about larger changes but this is pretty much what was expected. Powell will speak at 2:30

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