The 12-member FOMC voted 10-2 to hold rates at a target range between 3.75 and 4.00%, citing the need for more data in the fight against inflation
The US Federal Reserve left its interest rate unchanged at 3.75-4 per cent.
The US Federal Reserve kept its benchmark interest rate unchanged at 3.75-4.00 per cent, pausing after its first rate hike since 2023 last month as policymakers weigh persistent inflationary...
The Fed's rate-setting body, voted 10-2 to maintain its benchmark rate in a target range of 3.75% to 4%.
The decision came days before the US midterm elections, with rising living costs, including higher petrol and grocery prices, a major concern for households.
The Federal Reserve on Wednesday released its latest decision on interest rates.
The US Federal Reserve on Wednesday held interest rates steady, in line with market expectations, days ahead of crucial midterm elections where surging inflation has been a key issue. The...
The US Federal Reserve held interest rates at 3.75-4.00% in a 10-2 vote, citing persistent inflation, as two policymakers backed a 25-basis-point hike ahead of the midterm elections.
State of the Union: The decision, which was widely expected, follows a rate hike last month.
The US Federal Reserve left interest rates unchanged at 3.75% to 4.0% amid persistent inflation, while citing a strong economy and awaiting further data before deciding on future policy steps.
The Federal Reserve has left interest rates unchanged - despite persistently high inflation and repeated calls from Donald Trump to lower borrowing costs.
Warsh said higher rates are reaching the investment surge and growth is broadening beyond it. The positions cut in opposite directions for where to set rates.
NORTH AMERICA: Fed Chair Kevin Warsh acknowledged that progress is being made, but inflation remains too high and a December FOMC rate hike remains our call
Fed rate decision: Kevin Warsh faces pressure to explain a possible pause as US inflation rises, with markets watching for signals on future rate hikes.
Even though the interest-rate vote went as expected, there were a few surprises out of this week's Federal Open Market Committee meeting.
The Federal Open Market Committee approved the statement for release by a 10 - 2 vote
Persistent price pressures complicate the Fed's rate outlook as energy costs, tariffs and AI-led spending sustain demand
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