Fed Maintains Rates Steady Awaiting Uptick in Inflation

The United States Federal Reserve has decided in its meeting, held on Tuesday and Wednesday, to maintain the current rates, expected to maintain rates steady until inflation exceeds 2%.

As expected, the Fed expressed commitment to maintain interest rates near 0%.

This is the first meeting for the US monetary policymakers after adapting the new framework, which allows inflation to go above 2%.

It is also the last Fed meeting ahead of the upcoming US Presidential Elections on November 3, 2020.