Fed holds interest rates steady, says inflation is close to its target

The Federal Reserve on Wednesday said it held interest rates steady after a two-day policy meeting.  It confirmed that inflation — the "price stability" part of its dual mandate from Congress — has risen to almost hit its 2% target.  Inflation over the next year should "run near" 2%, the Fed said, in updated language from the March statement that said inflation would "move up" towards that level. The next interest rate hike is expected in June.  The Federal Reserve on Wednesday left its...