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Fed Holds Rates Steady Despite Lack of Progress on Inflation

Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.

© Athit Perawongmetha/Reuters

Kevin Warsh, the Fed chairman last week said that more had to be done to tame inflation.
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The Federal Reserve Will Release Its Interest Rate Decision Today. Here’s What to Watch.

The central bank is widely expected to hold interest rates steady on Wednesday, just days before the midterm elections.

© Al Drago for The New York Times

The Federal Reserve is expected to press pause on raising interest rates after delivering a rate increase last month for the first time since 2023.
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A Punishing Housing Market Is Squeezing Renters

Higher mortgage rates and slowing residential construction are again giving landlords the upper hand.

© Grant Hindsley for The New York Times

Higher mortgage rates are pushing aspiring homeowners to keep renting, intensifying competition in the rental market.
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The Fed Is Expected to Hold Rates Steady. Warsh Will Have to Explain Why.

Inflation is moving in the wrong direction and the labor market remains stable, a combination that bolsters the case for higher interest rates.

© Athit Perawongmetha/Reuters

Kevin M. Warsh, chairman of the Federal Reserve, said that the central bank had more work to do to tame inflation, but that there was no urgency to raise rates at consecutive meetings.
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The Fed Is Expected to Hold Rates Steady. Warsh Will Have to Explain Why.

Inflation is moving in the wrong direction and the labor market remains stable, a combination that bolsters the case for higher interest rates.

© Athit Perawongmetha/Reuters

Kevin M. Warsh, chairman of the Federal Reserve, said that the central bank had more work to do to tame inflation, but that there was no urgency to raise rates at consecutive meetings.
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Can’t Afford a Home. Can’t Afford a Baby. Can’t Afford Life. This Is 30.

They’re trying to build middle-class lives in New York. But many 30-year-olds in the city feel worse off than their parents. Is it average adult angst? Or something more enduring?

© Todd Heisler/The New York Times

People in their early 30s make up the largest age cohort in the United States. They’re feeling priced out of adulthood.
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Italy’s Young Protesters Return to the Streets

Fed up with the political establishment and rising cost of living, demonstrators hoped to make their message heard after violence overshadowed protests last weekend.

© Yara Nardi/Reuters

Young people protested the rising cost of living in Milan on Saturday, a week after similar demonstrations in cities across northern Italy ended in violent clashes and looting.
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Mortgage Rates Remain Above 7%, Pushing Home Prices Lower in Some Areas

The 30-year, fixed-rate mortgage dropped slightly to 7.32 percent as prospective home buyers continue to struggle with affordability. But home prices are starting to drop in some areas.

© Celeste Noche for The New York Times

Sellers are reconsidering market conditions and repricing their homes, which can give buyers an opening.
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