WASHINGTON — The U.S. Federal Reserve on Wednesday held its benchmark interest rate steady in a 9-3 decision amid continuing concerns over the econ...

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…

For the first time in several years, markets were somewhat split on whether the U.S. central bank would hike rates.

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

The Federal Reserve decided to keep its benchmark interest rate unchanged at 3.5%-3.75% for now, a decision that was widely expected.

Three Fed bank presidents wanted to hike interest rates