Business News

Latest articles in Business

Federal Reserve holds interest rates steady for fifth straight meeting

The Federal Reserve voted 9-3 to keep interest rates unchanged at 3.5% to 3.75% on Wednesday, marking the fifth consecutive hold as inflation remains elevated. Fed Chair Kevin Warsh cited heightened fuel prices driven by the Iran war as a key factor. Three dissenting members voted for a 25-basis-point rate hike. President Trump has been pressuring the Fed to cut rates, but policymakers say they need to see sustained progress on inflation before making any moves.