Fed meeting live updates: Interest rates held steady in split vote, Warsh says politics played 'no role' ahead of midterm elections

Live updates

1. 1h ago

   Fed holds interest rates steady in split vote

   The Federal Reserve held interest rates steady in a split vote, with one governor and one president dissenting. This decision comes ahead of the midterm elections, with Fed officials stating that politics played no role in their decision. The central bank is trying to balance inflation concerns with economic growth.

   Why it matters

   The Federal Reserve's decision to hold interest rates steady is being closely watched by investors and economists, as it could impact the US economy and the global market. The Fed has been trying to control inflation, which has been elevated, while also supporting economic growth. The decision to hold rates steady suggests that the Fed is taking a cautious approach.

   What is confirmed

   • The Federal Reserve held interest rates steady. (Multiple sources)
   • One governor and one president dissented from the decision. (Multiple sources)
   • The Fed's decision was made in a split vote. (Multiple sources)
   • Politics played 'no role' in the Fed's decision, according to Warsh. (Multiple sources)

   Still unconfirmed

   • Some business experts still expect another rate hike in December. (Business Insider)

   What to watch next

   • The Fed's next interest rate decision in December
   • Inflation data releases in the coming months
   • Economic growth indicators in the US and globally
   Sources used for this update (14)

   1. Fox Business — Federal Reserve makes interest rate decision ahead of midterms
   2. Yahoo Finance — Fed meeting live updates: Interest rates held steady in split vote, Warsh says politics played 'no role' ahead of midterm elections
   3. CNBC — Here is what changed in the new Fed statement
   4. Reuters — Fed rate decision live: FOMC holds rates steady after September hike
   5. Business Insider — The Fed held rates steady. Smart people in business say they still expect another hike in December.
   6. Fundstrat Direct — Fed Day: The Eye of the Storm
   7. The New York Times — Fed Meeting Live Updates: Interest Rates Hold Steady Despite 'Elevated' Inflation
   8. CNN — Did the Fed just make a huge mistake?
   9. Axios — Fed leaves rates steady as governor Lisa Cook dissents
   10. Fortune — Fed holds rates steady as a governor and president dissent together for the first time since 1992
   11. CNBC — Dollar steady after Fed hold leaves rate path murky
   12. CNBC — Fed holds rates steady despite concerns over inflation
   confidence 90%