Quartz·1 min read·easy
The Fed held rates steady. Three members wanted to hike anyway
✦AI Summary
The Federal Open Market Committee voted 9-3 to maintain the federal funds rate at 3.5%–3.75%. Three regional presidents dissented, advocating for a quarter-point interest rate hike.
The FOMC voted 9-3 to keep the federal funds rate at 3.5%–3.75%, with 3 regional presidents dissenting in favor of a quarter-point increase
businesseconomypolitics
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