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Fed holds interest rates steady even as inflation remains stubborn

πŸŽ™οΈ NPR πŸ• October 28, 2026 at 11:04 AM
πŸ“ Source based in: World β€Ί Northern Hemisphere β€Ί North America β€Ί United States
🏷️ Topics: #Business & Economy
Federal Reserve Chairman Kevin Warsh and his colleagues voted to hold their benchmark interest rate steady Wednesday. The central bank had raised rates in September, in an effort to curb persistent inflation.

The Federal Reserve opted to leave its benchmark interest rate unchanged β€” but investors widely expect the central bank to raise rates at its next meeting in December to combat stubborn inflation.

(Image credit: Andrew Harnik)

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