BusinessPhoto: News18 WorldUS Fed Holds Interest Rate at 3.9% Amid High Inflation
The US Federal Reserve kept its key interest rate steady at 3.75% to 4% despite ongoing high inflation. The Federal Open Market Committee voted 10-2 to maintain the rate after a September increase. Fed Chair Kevin Warsh emphasized inflation concerns and the need for more data before deciding on future rate changes. Economic growth remains strong, with two dissenting votes favoring an immediate hike.
News18 World·


