The Federal Reserve kept its benchmark interest rate unchanged at the conclusion of its latest meeting, reflecting a centre of caution as inflation has shown little sign of easing. Chairman Kevin M. Warsh warned that the period ahead, rich in economic data, will be crucial for deciding the next steps of monetary policy. The decision comes ahead of the central bank’s December gathering, where fresh figures are expected to shape the outlook. Markets responded with a modest rally in equities, while bond yields remained steady.
Policy Decision
The policy committee voted unanimously to maintain the target range for the federal funds rate at 5.25% to 5.50
