Fed holds fire on interest rates despite intensifying inflation
Financial Times's headline. Reported by Financial Times, South China Morning Post, Financial Times World, The New York Times, TVC News, CBS News and 2 more.
What the sources say, in brief
According to the South China Morning Post, the US Federal Reserve on Wednesday held interest rates steady at a target range of 3.75 to 4.00 per cent, in line with market expectations, days before midterm elections where inflation has been a key issue. The Financial Times reported the Fed will vote on monetary policy seven times next year, down from eight. The New York Times reported that Chairman Kevin M. Warsh cited an information-rich period before the December meeting. CNBC reported two of the 12 voters dissented, both wanting a quarter-point rate rise. The vote was 10-2, according to the South China Morning Post. CBS News and IOL also reported the hold. TVC News reported analysts expected the hold, with markets pricing in at least one rate hike before year-end.
Key points
- The South China Morning Post reported the Fed voted 10-2 to hold rates at 3.75 to 4.00 per cent.
- CNBC World reported two voters dissented, both wanting to raise rates by a quarter percentage point.
- The Financial Times reported the Fed will vote on monetary policy seven times next year, not eight.
- The New York Times reported Chairman Kevin M. Warsh said an information-rich period will guide the next policy steps.
- TVC News reported markets are pricing in at least one rate hike before year-end.
What we know
- The US Federal Reserve held interest rates steady, according to the South China Morning Post, CBS News and others.
- The target range is 3.75 to 4.00 per cent, according to the South China Morning Post.
- The vote was 10-2, with two voters wanting a quarter-point rise, according to CNBC World.
- Inflation has been a key issue ahead of the midterm elections, according to the South China Morning Post.
What we don't know
- The sources do not state whether inflation will ease or how far rates may move.
What happens next
- The Fed will vote on monetary policy seven times next year, according to the Financial Times.
- The Fed's next gathering is in December, according to The New York Times.
Sources differ: TVC News described the hold as expected by analysts ahead of next week's meeting, while the South China Morning Post reported it as already decided on Wednesday.
Generated from the headlines and excerpts below and checked automatically: any number or name not present in the sources rejects the summary, and each bullet is checked the same way. Version 5.
Fed holds fire on interest rates despite intensifying inflation. According to the South China Morning Post, the US Federal Reserve on Wednesday held interest rates steady at a target range of 3.75 to 4.00 per cent, in line with market expectations, days before midterm elections where inflation has been a key issue. The Financial Times reported the Fed will vote on monetary policy seven times next year, down from eight. The New York Times reported that Chairman Kevin M. Warsh cited an information-rich period before the December meeting. CNBC reported two of the 12 voters dissented, both wanting a quarter-point rate rise. The vote was 10-2, according to the South China Morning Post. CBS News and IOL also reported the hold. TVC News reported analysts expected the hold, with markets pricing in at least one rate hike before year-end. Covered by 8 publications. Financial Times: Fed holds fire on interest rates despite intensifying inflation. South China Morning Post: US Fed holds interest rates steady despite surging inflation. Financial Times World: Fed holds fire on interest rates despite intensifying inflation. The New York Times: Fed Holds Rates Steady Despite Lack of Progress on Inflation. TVC News: US Fed Expected To Hold Rates Steady Despite Persistent Inflation. CBS News: Federal Reserve holds interest rates steady despite inflation. IOL: US Fed holds interest rates steady despite 'too high' inflation. CNBC World: Fed holds rates steady despite concerns over inflation.
Who is covering it
- Financial Times United Kingdom Fed holds fire on interest rates despite intensifying inflation Central bank to vote on monetary policy seven times next year in shift from decades-old custom of having eight such meetings 28 Oct · Tier 1
- South China Morning Post Hong Kong US Fed holds interest rates steady despite surging inflation The US Federal Reserve on Wednesday held interest rates steady, in line with market expectations, days ahead of crucial midterm elections where surging inflation has been a key issue. The 12-member Federal Open Market Committee voted 10-2 to hold rates at a target range between 3.75 to 4.00 per cent 28 Oct · Tier 2
- Financial Times World United Kingdom Fed holds fire on interest rates despite intensifying inflation Central bank to vote on monetary policy seven times next year in shift from decades-old custom of having eight such meetings 28 Oct · Tier 2
- The New York Times United States Fed Holds Rates Steady Despite Lack of Progress on Inflation Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy. 28 Oct · Tier 2
- TVC News Nigeria US Fed Expected To Hold Rates Steady Despite Persistent Inflation 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 i 26 Oct · Tier 3
- CBS News United States Federal Reserve holds interest rates steady despite inflation The Federal Reserve has decided to hold interest rates steady despite high inflation. CBS News' Kelly O'Grady has more. 29 Oct · Tier 3
- IOL South Africa US Fed holds interest rates steady despite 'too high' inflation The South African rand held steady on the US Fed's decision to keep interest rates unchanged. 29 Oct · Tier 3
- CNBC World United States Fed holds rates steady despite concerns over inflation Two of the 12 Federal Open Market Committee voters dissented from the decision. Both wanted to raise rates by a quarter percentage point. 28 Oct · Tier 3
Headlines and excerpts are the publishers' own, shown under quotation for review and linked to the originals.
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