Rates Hold Steady Ahead Of Fed Chair Transition

By Morgan Sweeney | The Center Square(Worthy News) – The Federal Reserve wrapped up what could be its last meeting under current Chair Jerome Powell on Wednesday with a decision to hold rates steady, in line with market predictions.This marks the third consecutive meeting where the board has maintained a target interest rate of 3.5%–3.75%.The central bank often raises interest rates to tame inflation and lowers them if economic growth is too slow. While oil and gas prices have risen dramat