At a glance
The central bank left borrowing costs unchanged following its recent gathering.12
This decision occurs while inflation continues to remain high and lacks progress.13
Federal Reserve chairman Kevin M. Warsh indicated that upcoming information will assist officials in determining future policy steps before the December meeting.23
Benchmark interest rate decisions by the Federal Reserve influence various consumer borrowing expenses, such as rates for mortgages, credit cards, auto loans, and savings accounts.24
Where sources agree
- Federal Reserve leaves rates unchanged4 of 4
- Inflation remains high2 of 4
Who covered this
4 National
Sources
- 1CBS NewsFed holds interest rates steady even as inflation remains high ↗
- 2CNBCHere are five key takeaways from the Fed rate decision and Warsh news conference ↗
- 3The New York TimesFed Holds Rates Steady Despite Lack of Progress on Inflation ↗
- 4CNBCFed leaves rates unchanged: What it means for credit cards, mortgages, auto loans and savings accounts ↗
Based on reporting from these reputable newsrooms and reviewed by Orbit’s editors. A fact appears only when at least two sources report it. Orbit is not affiliated with these publishers.
