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Breaking: Federal Reserve chair signals that interest rates could hold steady at next month's central bank meeting

Fed Chair Jerome Powell hinted the Fed could keep its key interest rate unchanged at a meeting next month. He cited rising 10-year Treasury yields.

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Thu Oct 19 2023

 
 
Federal Reserve Board Chair Jerome Powell speaks during a news conference at the Federal Reserve in Washington, DC, on March 22, 2023. - The Federal Reserve raised its benchmark lending rate on Wednesday, in line with expectations, continuing a hiking cycle to tackle high inflation while warning that recent banking troubles could hit households and businesses. The quarter-point increase raises the target range to 4.75-5.00 percent, the Fed announced in a   statement. (Photo by OLIVIER DOULIERY / AFP) (Photo by OLIVIER DOULIERY/AFP via Getty Images) ORIG FILE ID: AFP_33BV3HC.jpg
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