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US Fed holds interest rates steady even as inflation continues to weigh on American households less than a week before the midterms

Fed keeps interest rates unchanged, as expected, in final move before midterms | CNN Business

The US central bank was widely expected to hold rates steady after increasing borrowing costs last month for the first time since 2023. Follow for live updates

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⚡ The Federal Reserve kept its key rate unchanged despite the Fed admitting “inflation remains elevated.”

Interest rates

The Federal Reserve keeps rates unchanged despite elevated inflation and gave little hint of its next moves.

Fed leaves benchmark for interest rates unchanged in final decision ahead of the midterms despite inflation concerns