Fed holds interest rates steady in first unanimous vote since May

Jerome Powell.
(Image credit: Alex Wong/Getty Images)

The Federal Reserve is satisfied for now.

The Fed on Wednesday decided to hold interest rates steady after slashing them in their three previous meetings. Wednesday's vote was the first unanimous decision since May with all 10 members agreeing to keep things intact, although the board will obviously keep an eye on risks related to trade tensions and a global economic slowdown, The Wall Street Journal reports.

Subscribe to The Week

Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

SUBSCRIBE & SAVE
https://cdn.mos.cms.futurecdn.net/flexiimages/jacafc5zvs1692883516.jpg

Sign up for The Week's Free Newsletters

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.

Sign up
Explore More
Tim O'Donnell

Tim is a staff writer at The Week and has contributed to Bedford and Bowery and The New York Transatlantic. He is a graduate of Occidental College and NYU's journalism school. Tim enjoys writing about baseball, Europe, and extinct megafauna. He lives in New York City.