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Business Summary

U.S. Fed holds interest rates steady despite surging inflation

The 12-member FOMC voted 10-2 to hold rates at a target range between 3.75 and 4.00%, citing the need for more data in the fight against inflation

By Storywire Newsdesk Published
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U.S. Fed holds interest rates steady despite surging inflation
U.S. Fed holds interest rates steady despite surging inflation — image via The Hindu Business feed — Credit: Storywire

Attributed summary

The 12-member FOMC voted 10-2 to hold rates at a target range between 3.75 and 4.00%, citing the need for more data in the fight against inflation

Read the original report — The Hindu Business

Storywire publishes attributed summaries for discoverability. Full reporting remains with the original publisher — we do not republish restricted full text.

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