Fed Leaves US Interest Rates Unchanged as Two Voters Dissent

The Federal Reserve has decided to hold interest rates steady despite ongoing inflation concerns, with two committee members favoring a hike.

Marriner S. Eccles Federal Reserve Board Building in Washington, D.C. · Photo: AgnosticPreachersKid · CC BY-SA 3.0 · Wikimedia Commons

The US Federal Reserve has decided to keep interest rates unchanged, despite persistent concerns over inflation, CNBC and newspaper TheMarker reported.

According to CNBC, two of the 12 Federal Open Market Committee (FOMC) voters dissented from the decision, favoring a rate increase of a quarter percentage point. Meanwhile, financial outlet FXStreet noted that crude oil prices barely moved following the announcement.

Further details regarding the central bank's reasoning and future monetary policy have not yet been released.

Sources: CNBC Markets, FXStreet, TheMarker

Generated automatically by the Tevel desk and labelled as such.