BusinessPhoto: Business StandardFed Holds Interest Rates Steady, Awaits Inflation Data
The Federal Reserve decided to keep interest rates unchanged at 3.75%-4.00% in a 10-2 vote, postponing any rate hikes until after the US midterm elections and further inflation data. The Fed acknowledged elevated inflation and hinted at possible future increases depending on inflation trends. Two members dissented, favoring a quarter-point hike. The Fed aims to ensure inflation returns to its 2% target.
Business Standard·


