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Andrew Ackerman: Fed likely to keep rates unchanged before U.S. mid-term elections

Andrew Ackerman: Fed likely to keep rates unchanged before U.S. mid-term elections
Fed likely to hold rates before mid-terms

The Federal Reserve is likely to leave interest rates unchanged at its meeting next week, just days before the U.S. mid-term elections. Andrew Ackerman reported that even the chief White House economic adviser acknowledges inflation is 'needing some work.'

Mortgage rates are now increasing at their steepest pace since 2023, according to Andrew Ackerman’s recent reporting on the impact of the Fed’s inflation response. He has also noted that fair lending laws in the U.S. do not protect checking and savings accounts. These developments come as officials weigh further steps on inflation.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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