Americans hoping for relief from high borrowing costs may have to wait longer, with the Federal Reserve keeping interest rates elevated and investors increasingly preparing for the possibility of another rate hike before the end of the year.
The Fed has held its benchmark interest rate steady throughout 2026 as policymakers weigh persistent inflation against signs that the labor market and broader economy are losing momentum. At its July meeting, officials voted 9-3 to maintain the federal funds rate at a range of 3.5% to 3.75%.
