Fed holds rates at 3.5%–3.75% for fifth consecutive time

The US Federal Reserve held its benchmark interest rate steady at 3.5%–3.75% on Wednesday for the fifth consecutive time. The decision reflects ongoing concerns about inflation. Fed Chair Kevin Warsh stressed the committee does not apply a flexible inflation target.

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📈 Business Fed holds rates at 3.5%–3.75% for fifth straight time BBC Business · 16h ago 📈 Business Fed Holds Rates Steady, Investors Question Warsh's Resolve on Inflation CNBC · 10h ago 📈 Business Fed holds rates, cites 'elevated' inflation from supply shocks Al Jazeera · 16h ago

More on this topic

📈 Business Fed holds rates at 3.5%–3.75% for fifth straight time BBC Business · 16h ago 📈 Business Fed Holds Rates Steady, Investors Question Warsh's Resolve on Inflation CNBC · 10h ago 📈 Business Fed holds rates, cites 'elevated' inflation from supply shocks Al Jazeera · 16h ago