<p>US central bank last month raised rates for first time since 2023, in move that infuriated Donald Trump</p><p>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.</p><p>Last month, Fed officials raised rates for the first time since 2023, citing rising inflation. Inflation has hovered for years above the Fed’s target rate of 2%, and for most of this year, the annualized inflation rate has remained above 3%.</p> <a href="https://www.theguardian.com/business/2026/oct/28/fed-interest-rates-midterms">Continue reading...</a>
World
Fed set to hold interest rates steady in last decision before midterms
<p>US central bank last month raised rates for first time since 2023, in move that infuriated Donald Trump</p><p>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.</p><p>Last month, Fed officials raised rates for the first time since 2023, citing rising inflation. Inflation has hovered for years above the Fed’s target rate of 2%, and for most of this year, the annualized inflation rate has remained above 3%.</p> <a href="https://www.theguardian.com/business/2026/oct/28/fed-interest-rates-midterms">Continue reading...</a>