The Fed's short-term interest rate target of 3 percent has been unchanged for more than a year.

Since June, the Fed has raised its short-term interest rate target five times, a quarter of a point each time.

The Fed has already raised its short-term interest target twice this year, moving it to 3.50 percent from 3 percent.

The Fed has already raised its short-term interest rate target, which is now 3.75 percent, three times this year.

The Fed is expected to raise its short-term interest rate target for the fourth time this year soon.

And after all that practice, they had braced for a quarter-point jump in the short-term interest rate target.

The Fed has left its short-term interest rate target at 3 percent for a year.

Federal Reserve policy makers met yesterday and, as had been widely expected, left the central bank's short-term interest rate target unchanged at 5.25 percent.

The central bank has already pushed its short-term interest rate target, which is now 3.75 percent, up three times this year.

At that meeting, the central bank could decide to raise its short-term interest rate target again.