Fed expected to hold rates steady in last decision before US midterms

Update: The Federal Reserve held interest rates steady in its last decision before the midterm elections, a month after raising them for the first time since 2023. The Guardian

the GuardianFed holds interest rates steady in last decision before midtermsUS central bank last month raised rates for first time since 2023, in move that infuriated Donald Trump

Update: The Fed left rates unchanged on Wednesday, and chair Kevin Warsh said politics played no role in the pause, with inflation still above 3%. The Guardian

the GuardianFed holds interest rates steady in last decision before midtermsFed chair Kevin Warsh said politics played no role in pause of interest rate hikes, despite inflation remaining above 3%

Update: The Fed left interest rates unchanged on Wednesday, and chair Kevin Warsh said politics played no role in the pause, with inflation still above 3%, The Guardian reports.

the GuardianFed holds interest rates steady in last decision before midtermsFed chair Kevin Warsh said politics played no role in pause of interest rate hikes, despite inflation remaining above 3%

Update: The Fed left rates unchanged on Wednesday, with two of 12 board members dissenting in favor of a quarter-point hike, The Guardian reports.

the GuardianFed holds interest rates steady in last decision before midtermsFed chair Kevin Warsh said politics played no role in pause of interest rate hikes, despite inflation remaining above 3%