US Federal Reserve holds interest rates steady in its last decision before the midterms
The US Federal Reserve held interest rates steady at its last meeting before the midterm elections, in a 10-2 vote; two officials wanted another rise. Inflation remains elevated.
Left 2 · Centre-left 13 · Centre 5 · Centre-right 8 · Right 4
ContextSources by leanVideoDeep diveFollow the moneyMore coverage
How each side framed it
Left-leaning outlets
Left-rated outlets headline it: “Fed holds interest rates steady in last decision before midterms” (The Guardian); “U.S. Stocks Hold Steady As The Countdown Ticks To A Federal Reserve Decision On Interest Rates” (HuffPost).
Centre outlets
Centre-rated outlets headline it: “Fed holds fire on interest rates despite intensifying inflation” (Financial Times); “Instant View: FOMC holds rates steady, markets rise modestly” (Reuters).
Right-leaning outlets
Right-rated outlets headline it: “Federal Reserve Drops Final Interest Rate Decision Before Midterms” (Daily Wire); “Fed holds interest rates steady even as inflation remains high” (CBS News).
Context
The wider geopolitical and historical background, in our words, each point linked to the source it comes from. Background, not a verdict on today's story. How we write it.
The Federal Reserve's Federal Open Market Committee sets US interest rates.
- The FOMC has 12 voting members, including the seven Fed governors. Federal Open Market Committee
- The Fed has a dual mandate of maximum employment and stable prices. Federal Reserve
Checked 2026-10-29. Links were opened and returned a page that day.
Search for more (live results, not checked by us): Wikipedia search · Explainers (Google News search) · Background and history (Google News search)
Sources by lean
Balanced: the same number of articles from the left, the centre and the right (up to 3 each). The bar above still counts every rated outlet we found. Bias and factual ratings come from Media Bias/Fact Check. How we balance · All ratings.
Left 3
Centre 3
- Semafor
Fed holds rates steady despite dissents - Financial Times
Fed holds fire on interest rates despite intensifying inflation (paywalled or blocks bots) - Reuters
Instant View: FOMC holds rates steady, markets rise modestly (paywall or login)
Showing 3 from each side of 32 rated outlets (L 15 / C 5 / R 12). More coverage
Video
News reports from outlets with a bias rating, balanced like the articles: the same number from the left, the centre and the right. A side with no matching video is named, never padded. Every video was checked to exist on YouTube on the day; titles are the publishers' own. Links open YouTube; nothing from YouTube loads on this page. How we pick.
Centre 1
Showing 1 from each side that has one.
YouTube searches (live results, not checked or balanced by us): News videos · Explainers · Podcasts
Deep dive
The two opposites side by side, seeking to understand rather than judge. These are possible readings of the coverage, built from the articles linked on this page; they are not claims about anyone's motives. How we write it.
Seen from the left
“Fed holds rates steady despite concerns over inflation” CNBC
A possible reading: holding rates keeps borrowing costs high for households already under pressure.
Seen from the right
“Fed holds interest rates steady even as inflation remains high” CBS News
A possible reading: with inflation still elevated, keeping rates steady protects the value of savings.
Open questions
- What did the two dissenters argue?
- What does the Fed expect for inflation next year?
Follow the money
Not yet researched. We haven't yet looked at who gains or loses financially from this story, or who funds the main voices on each side. When we do, we check company filings, the Electoral Commission donations register, lobbying registers, annual reports, InfluenceMap and OpenSecrets, and we apply the same checks to every side. How we follow the money.
Who owns or funds the outlets covering this story (30 outlets)
| Outlet | Lean | Ownership & funding (MBFC) |
|---|---|---|
| Daily Beast | Left | The Daily Beast’s parent company is IAC (InterActiveCorp). which is run by Barry Diller, who had led the creation of the Fox network. IAC’s CEO is Joey Levin. IAC (InterActiveCorp) is a media and Internet company comprised of some of the world’s well-known brands, such as HomeAdvisor, Vimeo, About.com, Dictionary.com, Investopedia, and more. source |
| HuffPost | Left | HuffPost is owned by BuzzFeed, Inc., a publicly traded digital media company based in New York. In November 2020, BuzzFeed acquired HuffPost from Verizon Media Group, with Verizon becoming a minority shareholder. In February 2021, BuzzFeed founder and CEO Jonah Peretti took charge of the combined properties. source |
| Associated Press | Centre-left | The Associated Press (AP) is a nonprofit news cooperative with a profit of $1.6 million in 2016. It also sells content to other media organizations. According to an article titled “ AP reports loss on one-time accounting charges,” t he Associated Press lost $74 million in 2017, and it states the reason as “mostly due to one-time accounting charges related to the federal tax overhaul passed late last year.” source |
| Axios | Centre-left | Cox Enterprises, a significant media conglomerate in the U.S, primarily own Axios. The outlet generates revenue primarily through advertising, native content, and sponsored newsletters. Unlike some outlets, Axios does not rely on subscription fees, allowing its content to remain widely accessible. source |
| Bloomberg | Centre-left | Michael R. Bloomberg is the founder and majority owner of Bloomberg LP (The parent company of Bloomberg News). According to Investopedia, Bloomberg Terminal (remote software used to access financial information) is the most expensive among financial data providers. source |
| CNBC | Centre-left | CNBC is owned by NBC Universal, which Comcast owns. Comcast’s Chairman and Chief Executive Officer (CEO) is Brian L. Roberts, founded by his father, Ralph J. source |
| CNN | Centre-left | No ownership data found |
| NBC News | Centre-left | No ownership data found |
| NPR | Centre-left | According to a Columbia Journalism Review article dated 2010, a large portion of NPR’s revenue comes from dues and fees paid by Member stations and corporate sponsorships. In another article by Columbia Journalism Review, they state that as of 2017, NPR receives less than 1 percent of its total funding from the Corporation for Public Broadcasting(CPB). source |
| Politico | Centre-left | On 8/26/2021, German publisher Axel Springer purchased Politico for a reported 1 billion dollars. Axel Springer owns numerous publications, including Bild, Business Insider, and Fakt. Politico has a subscription-based service called Politico Pro, launched in 2010 for professionals, such as lobbyists and analysts, which provides policy intelligence coverage on technology, energy, and other sectors. source |
| The Guardian | Centre-left | The Guardian and its companion publication, the Sunday newspaper The Observer, are owned by Guardian Media Group plc (GMG). Scott Trust Limited was created in 1936 to ensure the editorial independence of the publications and owns Guardian Media Group plc (GMG). source |
| The Independent | Centre-left | The Independent is owned by Independent Print Limited, a company owned by the Lebedev family (Alexander Lebedev and his son Evgeny Lebedev). In 2017, Saudi Businessman Sultan Muhammad Abuljadayel bought a 30% stake in the Independent online newspaper. Advertising and subscription generate revenue for the paper..push({}); source |
| USA Today | Centre-left | USA Today is owned by the Gannett Company, headquartered in McLean, Virginia. It is one of the largest newspaper publishers in the United States, with interests in newspapers, digital marketing services companies, and television broadcasting. Subscriptions and advertising generate revenue. source |
| Washington Post | Centre-left | In 2013, Amazon CEO Jeff Bezos bought The Washington Post for $250 million. Bezos is a frequent target of Trump, who has accused the businessman of using the Postal System as its “ Delivery Boy. ” The newspaper’s executive editor, Martin Baron, said Jeff Bezos, who founded Amazon, is not involved in its news coverage. source |
| Financial Times | Centre | The Financial Times is owned by The Nikkei, a Japanese news and financial information company that publishes the leading financial paper, The Nikkei. The FT generates revenue through subscriptions, a hard paywall, and advertising..push({}); source |
| France 24 | Centre | France 24 is owned by France Médias Monde, a state-owned French holding company that supervises and coordinates the activities of the major public media organizations broadcasting or publishing internationally from France. Besides government funding, they also generate revenue through advertising. source |
| Reuters | Centre | In April 2008, the British company Reuters Group was acquired by Thomson Corporation and formed Thomson Reuters. source |
| Semafor | Centre | The website was funded with $25 million in private capital. Advertising and sponsorships generate revenue. However, according to CNBC, Semafor will move to a paywall and subscription model within 18 months. source |
| The Hill | Centre | In 2021, The Hill was purchased by Nexstar, which owns around 200 TV stations and media outlets nationwide. The founder, chairman, president, and CEO of Nexstar is Perry A. Sook. source |
| CBS News | Centre-right | CBS News is owned by Paramount Global, which was formerly controlled by National Amusements, Inc., the holding company of the Redstone family. In 2025, Paramount entered into a merger agreement with Skydance Media, effectively ending the Redstones’ majority control. CBS News generates revenue primarily through advertising and affiliate broadcasting fees..push({}); source |
| Evening Standard | Centre-right | The newspaper is majority-owned by Russian businessman and former KGB agent Alexander Lebedev and the Daily Mail and General Trust. Revenue is generated through advertising. source |
| ITV News | Centre-right | No ownership data found |
| New York Post | Centre-right | The New York Post is owned by Rupert Murdoch’s News Corp, which owns many conservative/sensational media outlets worldwide. The paper is funded through advertising, subscriptions, and newsstand sales. source |
| The Times | Centre-right | The Times and Sunday Times is owned by News UK (News Corp UK & Ireland Limited), which American News Corp owns. The owner and Executive Chairman of News Corp are Rupert Murdoch. Revenue is derived from advertising and subscription fees. source |
| Wall Street Journal | Centre-right | In 2007, The Bancroft family and relatives sold the Wall Street Journal to Rupert Murdoch for 5 billion dollars. Rupert Murdoch also purchased its parent company, Dow Jones & Co., through News Corporation. Subscriptions and advertising fund the Wall Street Journal. source |
| Washington Examiner | Centre-right | The Washington Examiner is owned by Clarity Media Group, owned by Philip Anschutz, an American billionaire entrepreneur who describes himself as a “conservative Christian.” Anschutz is also the owner of the right-leaning Weekly Standard and has donated millions of dollars to right-leaning causes, including anti-LGBT groups, such as the Family Research Council, which has been labeled a hate group. source |
| Washington Times | Centre-right | Operations Holdings Inc is the Washington Times owner, owned by the Unification Church of South Korea, through their holding company HSA-UWC (Holy Spirit Association for the Unification of World Christianity). In 1954, Reverend Sun Myung Moon founded this religious movement in South Korea, known for its mass weddings, and its members are referred to as “Moonies.” source |
| Breitbart | Right | After the death of Andrew Breitbart in 2012, Larry Solov became CEO and president of Breitbart News. In 2017, according to Politico, Larry Solov revealed the owner of Breitbart as “himself, founder Andrew Breitbart’s widow, Susie Breitbart, and the Republican mega-donor family, the Mercers.” Further, Solov also stated that he wants “to disclose as little as possible about financial and ownership structure.” source |
| Daily Caller | Right | No ownership data found |
| Daily Wire | Right | Bentkey Ventures, LLC (formerly Forward Publishing, LLC) owns the Daily Wire, which was heavily backed and co-founded by fossil fuel billionaires Farris and Dan Wilks. The platform generates revenue through a hybrid model combining premium digital subscriptions via DailyWire+, targeted advertising, and direct-to-consumer e-commerce. source |