Federal Reserve holds interest rates steady despite elevated inflation
The Federal Reserve kept its benchmark interest rate unchanged at approximately 3.75-4% in its final decision before the midterm elections, despite continued elevated inflation, with two officials dissenting in favor of rate increases.
5 sourcesStrait of HormuzLisa CookFederal agenciesFederal ReserveConsumer price indexEconomyInstitutional independence2026 U.S. midterm electionsUS midterm electionsU.S. inflation & cost of livingFederal Open Market CommitteeMonetary policyU.S. Federal Reserve & monetary policyInflationTrump administration
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