The US Federal Reserve held interest rates steady on Wednesday, with Chair Kevin Warsh lauding a “family fight” that saw three policymakers dissent in calling for a rate hike to combat surging inflation.

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.