Fed Holds Rates Steady as December Hike Remains Likely
Edited by Steinar Vigdel Kolnes, Editor, Oslo
The Federal Reserve kept interest rates on hold as expected, while persistent inflation left a December increase likely.
The U.S. Federal Reserve left its benchmark interest rates unchanged, matching expectations for the decision.
Inflation remains a central concern for policymakers, with price growth still substantially above the Fed’s 2% goal.
A rate increase in December remains likely, according to CoinDesk, despite the central bank’s decision to hold steady for now.
Source: CoinDesk
