What smart people are saying after the Fed held rates steady
The Federal Reserve has held interest rates steady, with Chair Kevin Warsh emphasizing a focus on price stability and inflation control. Financial experts anticipate a potential rate hike in December based on recent economic data.
Why it matters
Interest rate decisions significantly impact the economy, inflation, and consumer affordability, especially ahead of major elections.
Federal Reserve Chair Kevin Warsh speaks during the press conference following the Federal Open Market Committee's announcement that it was holding interest rates. SAUL LOEB / AFP via Getty Images As expected, the Federal Reserve held rates steady on Wednesday. Fed Chair Kevin Warsh said the Fed is working toward price stability and lower inflation. Smart people in business and finance expected the hold, and estimate a hike in December. The Federal Reserve held interest rates steady as was widely expected. The rate remained unchanged after a 10-2 vote, where 2 officials voted to hike rates by 25 bps. Fed chair Kevin Warsh , who began his term leading the central bank in May, said the Fed is working to deliver future price stability and quash inflation during the Federal Open Market Committee press conference following the hold announcement.
Also covering this story
6 other newsrooms covered this event. We read each version separately.
Fed holds interest rates steady even as inflation remains stubborn
Fed is widely expected to hold interest rates steady, with December hike in sight
Fed leaves interest rates unchanged, as expected
US Fed expected to hold rates steady ahead of key midterm elections
U.S. Fed holds interest rates steady despite surging inflation
US Federal Reserve keeps rates unchanged, leaves door open to further hikes
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in