Fed leaves interest rates unchanged, as expected
The Federal Reserve has decided to keep interest rates unchanged at 3.75%-4.0% despite recent inflation concerns. Markets are now looking ahead to the next meeting in December for potential policy shifts.
Why it matters
Interest rate decisions significantly impact global financial markets, crypto asset valuations, and borrowing costs for businesses and consumers.
The bank’s fed funds rate range, for now, remains at 3.75%-4.0%.
Despite troubling September inflation reports, a string of Fed speakers this month suggested they were comfortable with a slower pace of monetary policy tightening, leading markets to price out a rate hike today but fully price in one at the central bank’s next meeting in early December.
Fed Chair Kevin Warsh’s post-meeting press conference begins at 2:30 p.m. ET.
Also covering this story
6 other newsrooms covered this event. We read each version separately.
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