The Federal Reserve held interest rates steady on Wednesday as the economy weathers its highest inflation in three years.
Meanwhile, the U.S. economy is mired in uncertainty. Hiring has slowed sharply, while inflation remains stubbornly high.
Consumer prices rose 2.9% in August compared to a year ago, marking an uptick in price increases as President Donald Trump's tariff policy intensified. The reading matched economists' expectations.
Eight months have elapsed since the Fed last adjusted interest rates.
The U.S. stock market rallied to records on Tuesday after data suggested inflation across the country was a touch better last month than economists expected.
Nearly 8 million borrowers will see their loan balances start increasing again on August 1.