Fed Holds Rates, but 3 Hawkish Rebels Demand Hike as Inflation Fight Erupts

The Federal Reserve held its benchmark interest rate steady at 3.50% to 3.75% on July 29, but the decision came over the objections of three officials who wanted to raise borrowing costs instead. The Federal Open Market Committee voted 9 to 3 to keep the target range unchanged, citing solid economic growth alongside inflation that […]