Federal Reserve Decides To Hold Interest Rates Steady

The Fed held its benchmark interest rate steady amid elevated inflation as policymakers opted to wait for additional economic data.

The Federal Reserve decided to hold interest rates steady Wednesday.

Policymakers voted 10-2 to leave the rate at its target range of 3.75 to 4%. The move follows a 25-basis-point rate hike in September, which was the central bank’s first interest rate increase since July 2023.

The Fed held its benchmark interest rate steady amid elevated inflation as policymakers opted to wait for additional economic data.

The Federal Open Market Committee said that the “accumulation of more information will help the Committee determine the policy stance appropriate to ensure a timely return of inflation to the Committee’s 2% goal. The Committee will deliver price stability.”