‘Politics played no role’: Fed hits pause button ahead of midterms
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The US central bank decided to keep interest rates at their current levels. This pause comes before the upcoming midterm elections. However, officials are waiting on new inflation data arriving later this week. This information is expected to show that prices are still rising. Such a trend would likely force the bank to increase rates during later meetings.
The US central bank has left interest rates on hold, but inflation data due later this week is expected to show another increase in prices that will force it to raise them at its future meetings.