Fed leaves rates unchanged
WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, as expected, opting to delay any changes to borrowing costs until after next week’s US midterm elections and awaiting further data on the path of inflation. In a 10-2 decision, the US ce...
WASHINGTON: The Federal Reserve held interest rates steady on Wednesday, as expected, opting to delay any changes to borrowing costs until after next week’s US midterm elections and awaiting further data on the path of inflation. In a 10-2 decision, the US central bank said it would maintain its benchmark interest rate within the current 3.75 percent-4.00 percent range while acknowledging that inflation “remains ele...