Federal Reserve holds interest rates steady
What each leads with
The Guardian US ↗ — Headline and lede stress timing: "last decision before midterms"; body quotes chair "Politics played no role" and notes September hike that "infuriated Donald Trump".The Guardian US — Headline and lede stress timing: "last decision before midterms"; body quotes chair "Politics played no role" and notes September hike that "infuriated Donald Trump".
ZeroHedge ↗ — Headline frames press conference as "Desperately Tries To Explain Why His 'Pause' Is Not Political"; excerpt questions data-dependence claims and highlights proximity to midterms as the real constraint.ZeroHedge — Headline frames press conference as "Desperately Tries To Explain Why His 'Pause' Is Not Political"; excerpt questions data-dependence claims and highlights proximity to midterms as the real constraint.
Fed holds interest rates steady in last decision before midterms
US central bank last month raised rates for first time since 2023, in move that infuriated Donald Trump The US Federal Reserve is expected to leave interest rates unchanged on Wednesday during its last rate-setting meeting before the midterm elections, keeping rates at one of the highest pre-election levels seen in over 20 years. Last month, Fed officials…
Watch Live: Fed Chair Warsh Desperately Tries To Explain Why His 'Pause' Is Not Political
Watch Live: Fed Chair Warsh Desperately Tries To Explain Why His 'Pause' Is Not Political Warsh will be walking a very fine tightrope in today's press conference that looks especially delicate. The Fed Chair's problem today is that he's spent the last few months telling everyone the Fed needs a "timelier return to 2%", and then September's CPI came in hot,…