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Bloomberg

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Global business and financial news, stock quotes, and market data. Breaking news on world markets, economics, politics, and business.

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Economy

How might the Federal Reserve's decision on interest rates affect everyday people and the upcoming elections?

The Federal Reserve voted Wednesday to keep interest rates steady just six days before the midterm elections. The central bank voted 10-2 to keep its target range for the federal funds rate at 3.75%-4.0%, in line with market expectations. The two dissenting votes were from Cleveland Fed President Beth Hammack and Fed Governor Lisa Cook

United States