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Fed holds interest rates steady despite inflation concerns

The Federal Reserve has voted to keep interest rates steady at the 3.5% to 3.75% target range despite concerns about inflation and oil prices. The decision was not unanimous. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.

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By Unscrolled
July 29, 2026 · 6:30 PM · 1 min read
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Fed holds interest rates steady despite inflation concerns

The Federal Reserve has voted to keep interest rates steady at the 3.5% to 3.75% target range despite concerns about inflation and oil prices. The decision was not unanimous. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.

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