Federal Reserve to announce decision on interest rates ahead of midterms
During an appearance earlier this month, Federal Reserve Chair Kevin Warsh was coy about which way the decision might go. The Federal Reserve is set to announce its latest decision on interest rates, which could signal a positive for Republicans ahead of the midterms. Last month, the Fed raised rates for the first time in three years, but data indicates inflation remains high. While the Fed can increase interest rates to address inflation, that would make borrowing costs more expensive for Americans. If the Fed holds rates steady, it does not rule out the possibility of another hike before the end of the year. The central bank will meet again in December.
Publicerad : 5 timmar sedan förbi Angi Gonzalez i Politics Finance
The Federal Reserve is set to announce its latest decision on interest rates on Wednesday.
Last month, bankers raised rates for the first time in three years, and this month, data shows that inflatio... [2135 symbols]
Ämnen: Markets, Federal Reserve
