Fed Holds Rates Amid Inflation Puzzle | Orlando News

The Fed held steady at 3.6% interest rates for the fifth straight meeting, sparking debate as three members pushed for a quarter-point hike amid stubborn inflation and rising energy prices tied to Middle East tensions. Chair Kevin Warsh called the internal discussion a “good family fight,” highlighting deep分歧 among officials from Cleveland, Minneapolis, and Dallas who feel pressure to act. Wall Street still expects a September rate hike, as the Fed waits for key data, especially the PCE index. With global uncertainty mounting, the central bank walks a tightrope between curbing inflation and preserving financial stability. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/db8498a611b6804e