The Daily

Two primary sources of US consumer debt – credit cards and auto loans – have been a sore point in family budgets of late.

And there is nothing to suggest much will change in the fourth quarter.

Credit cards: It doesn’t matter that the Fed left its key rate unchanged – or whether the Fed hikes or lowers rate by a quarter point or a half point in December.

 » Read more about: Fed keeps interest rates unchanged, as expected, in final move before midterms  »

This article is updated throughout the trading day. Check back for more.

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Berkshire Hathaway, the company tied to Warren Buffett, controls one of North America’s major railroad networks. Its operations connect key sectors of the U.S. economy and move goods across a range of industries.

The BNSF Railway network is essential infrastructure for transporting agricultural products,

 » Read more about: Warren Buffett’s company operates more than 32,500 miles of railroad tracks across 28 states and invested nearly $3.8 billion in 2025  »

Millions of retirees live on Social Security alone, and a looming trust fund deadline puts that lifeline at serious risk. Here is what a potential benefit reduction could cost you each month and how to build a financial cushion before…

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After raising interest rates for the first time in three years last month, the Federal Reserve on Wednesday announced its widely expected decision to leave interest rates unchanged following its latest meeting.

The Fed said it decided to maintain the target range for the federal funds rate at 3.75 to 4.0% in support of its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run.

 » Read more about: US Federal Reserve leaves interest rates unchanged  »

The Federal Reserve held interest rates steady on Wednesday after hiking borrowing costs in September to clamp down on inflation. 

The central bank left the federal funds rate at a target range of 3.75% to 4%, keeping it unchanged after raising rates last month for the first time in three years.

 » Read more about: Federal Reserve holds interest rates steady even as inflation remains high  »

The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite elevated inflation, while providing little hint about the central bank’s next moves.

“Inflation remains elevated,” the Fed said in a statement released after its two-day policy meeting. Holding off on an increase will allow “the accumulation of more information” that will help determine what policy the Fed should pursue “to ensure a timely return of inflation” to the central bank’s 2% inflation target,

 » Read more about: Federal Reserve leaves interest rates unchanged despite elevated inflation  »

Bernd Debusmann Jr
White House reporter

Today’s announcement comes just a few days before the US midterm elections,

 » Read more about: US central bank keeps interest rates unchanged in final decision before midterm elections  »

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This story will be updated with further details from the Fed’s October 2026 interest rate decision.

The Federal Reserve on Wednesday held its benchmark interest rate steady amid elevated inflation as policymakers opted to wait for additional economic data after hiking rates in September.

 » Read more about: Federal Reserve makes interest rate decision ahead of midterms  »