Fed holds interest rates steady in first unanimous vote since May


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.
"The committee judges that the current stance of monetary policy is appropriate to support sustained expansion of economic activity," officials said in their policy statement.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

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.
The Journal notes the Fed sounds a little more optimistic this time around, as well, having dropped language about "uncertainties" that appeared in their statement in October.
The sense is that things will remain stagnant for some time — Fed Chair Jerome Powell didn't signal that, despite all those previous cuts, any hikes were expected in the near future. Read more at The Wall Street Journal. Tim O'Donnell
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
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.
-
Japan's prime minister feels pressure after election losses
Speed Read Shigeru Ishiba has vowed to remain in office
-
Trump orders NFL team to change name, or else
Speed Read The president wants the Washington Commanders to change its name back to the 'Redskins'
-
Are referees and 'physicality' hurting the WNBA?
Today's Big Question The league is growing, but Caitlin Clark's absence raises questions
-
Dollar faces historic slump as stocks hit new high
Speed Read While stocks have recovered post-Trump tariffs, the dollar has weakened more than 10% this year
-
Economists fear US inflation data less reliable
speed read The Labor Department is collecting less data for its consumer price index due to staffing shortages
-
Crypto firm Coinbase hacked, faces SEC scrutiny
Speed Read The Securities and Exchange Commission has also been investigating whether Coinbase misstated its user numbers in past disclosures
-
Starbucks baristas strike over dress code
speed read The new uniform 'puts the burden on baristas' to buy new clothes, said a Starbucks Workers United union delegate
-
Warren Buffet announces surprise retirement
speed read At the annual meeting of Berkshire Hathaway, the billionaire investor named Vice Chairman Greg Abel his replacement
-
Trump calls Amazon's Bezos over tariff display
Speed Read The president was not happy with reports that Amazon would list the added cost from tariffs alongside product prices
-
Markets notch worst quarter in years as new tariffs loom
Speed Read The S&P 500 is on track for its worst month since 2022 as investors brace for Trump's tariffs
-
Tesla Cybertrucks recalled over dislodging panels
Speed Read Almost every Cybertruck in the US has been recalled over a stainless steel panel that could fall off