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Paul Wiseman, Associated Press Paul Wiseman, Associated Press WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war. Fed chair Kevin Warsh is expected to hold a news conference at 2:30 p.m. Watch live in our video player above. The Fed's rate-setting committee reached the 9-3 decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%.
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A month ago, only 59% of traders expected a September rate increase, according to data from CME.
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Paul Wiseman, Associated Press Paul Wiseman, Associated Press WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war. Fed chair Kevin Warsh is expected to hold a news conference at 2:30 p.m. Watch live in our video player above. The Fed's rate-setting committee reached the 9-3 decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3.6%.
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