Trump backs Fed chief as rate pause deepens investor anxiety before elections

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…

The US Federal Reserve is expected to maintain current interest rates on Wednesday. Analysts anticipate some policymakers may dissent, advocating for a rate increase. Surging…

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

The US Federal Reserve kept interest rates unchanged, awaiting clearer inflation signals. Renewed fighting linked to Iran pressures oil prices and clouds economic outlook.…

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

NEW YORK - The US Federal Reserve on Wednesday kept the target range for the federal funds rate unchanged at 3.5 to 3.75 percent, as widely expected by the market.