Fed holds rates steady less than week before US midterm elections - Nikkei Asia

The Fed's latest policy statement is a change from the September meeting, with a hint of the sort of forward guidance Fed Chairman Kevin Warsh has said he wants to avoid. © Reuters WASHINGTON (Reuters) -- The Federal Reserve held interest rates steady on Wednesday, as expected, opting to delay any changes to borrowing costs until after next week's U.S. midterm elections and awaiting further data on the path of inflation. In a 10-2 decision, the U.S. central bank said it would maintain its benchmark interest rate within the current 3.75%-4.00% range while acknowledging that inflation "remains elevated," upgrading its assessment of the economy, and hinting that further rate hikes may be coming depending on the performance of inflation.