Fed Keeps Rates Steady Amid Inflation Fears

The Federal Reserve has decided to keep interest rates steady at a range of 3.5% to 3.75%, as announced by Chairman Kevin Warsh in his second meeting as chairman.

This decision comes after two days of deliberation, with three Fed officials voting against the policy action and instead advocating for a rate hike to combat high inflation.

Economists are predicting that interest rates may still rise before the end of the year as the central bank tries to control inflation, which currently stands at 3.5%.