India, Oct. 28 -- The Federal Reserve held interest rates steady on Wednesday, October 28, as policymakers weighed persistent inflation, weakening job growth and the economic outlook ahead of the US midterm elections. The decision leaves the central bank balancing the need to control rising prices against the risk that tighter monetary policy could slow economic activity and put additional pressure on employment.

The Fed's benchmark interest rate remains in the 3.75%-4% range following last month's quarter-percentage-point increase, which marked the first rate hike in three years, according to the supplied report. The latest decision comes as inflation remains above the central bank's 2% target and investors assess the possibility of ano...