Page 22 - He Fed News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The Federal Reserve is likely to keep its key short-term interest rate unchanged for a second straight policy meeting.

The Federal Reserve will likely announce it is holding interest rates at a 22-year high on Wednesday, as it looks to tackle inflation without damaging the resilient US economy.- Resilient economy - In a surprising development for many analysts, the Fed's aggressive interest rate policy has not pushed the world's largest economy into a recession, and it looks unlikely to do so in the coming months. 

All three benchmark indexes notched weekly losses, with the S&P 500 sliding into correction territory on Friday.

New home sales in the United States surged higher in September from the month before, even as mortgage rates remained over 7%, making financing a home costlier and pushing people out of the market.

America’s first inflation crisis in decades, combined with the Federal Reserve’s aggressive interest rate hikes to combat it, has made for a topsy-turvy past couple years on Main Street and Wall Street alike. It has weighed on consumers and kept investors constantly second-guessing themselves.