US Federal Reserve Holds Interest Rates Steady, ASX Expected to Open Down

US Federal Reserve interest rates Kevin Warsh

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The US Federal Reserve has decided to keep interest rates unchanged for the fourth time this year, under the new leadership of chair Kevin Warsh.
Despite positive news for US borrowers, the ASX is anticipated to open lower following this announcement.

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Why It Matters

The US Federal Reserve has kept interest rates on hold for the fourth time this year. This decision was made at the first meeting presided over by new chair Kevin Warsh.

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Good morning. Alison Branley here with you this morning for the ABC news business blog.

In week with good news for borrowers and motorists, now here's some extra cheerful tidings - at least for the US borrowers.

The US Federal Reserve has voted to keep interest rates on hold for the fourth time this year.

It was the first meeting presided over by new chair Kevin Warsh.

But it's not all sunshine with the ASX expected to open down on the news.

Let's sit back with a cuppa and unpack what it all means for you.

Open Questions

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US Federal Reserve Holds Interest Rates Steady, ASX Expected to Open Down

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Why It Matters

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