Federal Reserve policymakers vote 9-3 to leave key rate unchanged despite high prices -- for now
WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war. The Fed’s rate-setting committee reached the 9-3 decision after two days of deliberations, marking the fifth straight meeting at which the benchmark rate was kept at around 3. 6%. Dissenting in favor of a quarter-point interest rate hike were Beth Hammack, president of the Federal Reserve Bank of Cleveland; Neel of the...
Read MoreWed, 29 Jul 2026
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