Fed Holds Interest Rates Steady Before Election Day, Though December Hike Possible
The Federal Reserve left interest rates unchanged on Wednesday, deciding against a hike days before midterm elections that pivot on inflation and affordability concerns.
TL;DR
- Federal Reserve kept interest rates unchanged on Wednesday.
- Decision was made days before midterm elections.
- Midterm elections are focused on inflation and affordability.
- A hike in December is still possible.