Kevin Warsh-led Federal Open Market Committee (FOMC) decided to keep the interest rate unchanged in the 3.5-3.75% range. The US Federal Reserve announced the monetary policy review after deliberations on July 28 and July 29.

The US Federal Reserve left interest rates unchanged on Wednesday in a range of 3.5% to 3.75%, the fifth consecutive meeting without a move, in a decision that exposed an unusual…

The Federal Reserve held rates at 3.5%-3.75% for a fifth straight meeting, but 4.1% inflation and 80% market odds of a September hike loom over

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

Fed maintains rates at 3.50%-3.75% after FOMC meeting. Pause in rate changes by September at 34% YES.