Federal Reserve holds rates steady ahead of midterms
The Fed rate decision today left the US policy rate in the 3.75%-4.00% band after a 10-2 vote, with officials waiting for more inflation data before the next move.
The Federal Reserve held its benchmark interest rate in the 3.75%-4.00% range on Wednesday.
The Federal Open Market Committee voted 10-2 to keep rates unchanged.
Governors Lisa Cook and Beth Hammack dissented in favour of a 0.25 percentage-point hike.
The committee said it wants more information before deciding the next policy stance toward its 2% inflation goal.
Chair Kevin Warsh was due to hold a press conference at 2:30 p.m. EDT (1830 GMT).