Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'

The central bank appeared divided over future interest rate moves.

WASHINGTON: The US Federal Reserve held interest rates steady on Wednesday (Jul 29), with surging inflation fueled by President Donald Trump's war on Iran seeing three of the…

Investors had largely expected that the Fed would hold interest rates steady, given ongoing concerns with high inflation.

Central bank remains on sidelines as oil prices surge after Iran war escalation