Federal Reserve leaves interest rates unchanged despite rising inflation
- The Federal Reserve on Wednesday voted to keep interest rates unchanged, its final monetary policy decision before the midterm elections.
- The decision to hold rates steady came despite rising inflation that jumped from 3.4% in August to 3.7% in September.
- A major driver of that inflation is the soaring cost of gas, diesel and crude oil.
Unverified
- The Federal Reserve on Wednesday voted to keep interest rates unchanged, its final monetary policy decision before the midterm elections.
- The decision to hold rates steady came despite rising inflation that jumped from 3.4% in August to 3.7% in September.
- A major driver of that inflation is the soaring cost of gas, diesel and crude oil.
Sources: NBC News