Watch CBS News

Fed holds interest rates steady despite inflation concerns

Name: Fed holds interest rates steady despite inflation concerns
Uploaded: 2026-07-29T14:00:00-0400
Duration: 7 min 12 s
Description: 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.

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.