The Federal Reserve announced on Wednesday that it would not change its benchmark federal funds rate as inflation continues to remain elevated. The Fed’s decision not to change rates keeps the target range between 5.25% and 5.50%, the highest level since 2001, marking the sixth meeting in a row where the Fed chose not to adjust the rate, according to an announcement from the Fed following a meeting by the Federal Open Market Committee (FOMC). Inflation has continued to run hot in the last few months, rising to 3.5% in March, up from 3.2% in February and 3.1% in January, and far from the Fed’s …