BusinessPhoto: Firstpost BusinessUS Fed Holds Interest Rates Steady Ahead of Midterm Elections
The US Federal Reserve kept its benchmark interest rate unchanged at 3.75-4.00% amid ongoing inflation concerns. Despite inflation rising to 3.7% in September, above the Fed's 2% target, policymakers paused rate hikes to balance inflation pressures and borrowing costs. The decision comes days before the November 3 midterm elections, with political scrutiny intensified by President Trump's calls for lower rates.
Firstpost Business·


