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The Economic Times
The Economic Times
National

Fed expected to hold rates steady days ahead of US midterms

Cleveland Fed US Federal Reserve United States Donald Trump Midterm Elections Inflation Interest Rates Jerome Powell Lisa Cook Kevin Warsh

Washington: The US Federal Reserve appears set to hold interest rates steady at its meeting next week, analysts say, despite stubbornly high inflation and with markets pricing in at least one rate hike before year-end.

The central bank's Federal Open Market Committee (FOMC) will meet over two days, announcing its decision at 2:00 pm local time (18:00 GMT) on Wednesday.

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