Federal Reserve Holds Interest Rates Steady Ahead of Midterms. Here's What That Means for the Market

No news is usually good news when it comes to the Federal Reserve's interest rate decisions, and no news was exactly what the market received today. The Federal Reserve voted 10-2 to hold its benchmark interest rate steady at 3. 75%-4%. This was widely expected, with prediction markets putting the odds of a hold at over 90%.