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Federal Reserve expected to hold interest rates steady in last decision before midterm elections

Federal Reserve expected to hold interest rates steady in last decision before midterm elections

The Federal Reserve is set to announce its latest interest rate decision on Wednesday with the midterm elections less than a week away.Policymakers at the Fed say they avoid letting politics influence their monetary policy moves, and can be hesitant to hike or cut interest rates at meetings that occur ahead of the election.Inflation has remained stubbornly high and the September consumer price index (CPI) data showed inflation rose faster than expected, with headline CPI rising 0.6% on a monthly basis and 3.7% from a year ago. The latter figure is well above the central bank's 2% inflation tar...

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Wayne G Fraser
HALO Contributor
Insurance Broker Insurance Industry
State Georgia, North Carolina, South Carolina
NPN 17934945

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