Fed holds rates at 3.50%-3.75% as three officials push for a hike

Money & Policy/Fox Business/
Fed holds rates at 3.50%-3.75% as three officials push for a hike
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The Federal Reserve left its benchmark rate in a 3.50%–3.75% range for a fifth straight meeting, but the 9-3 vote exposed a rare split: Cleveland's Hammack, Minneapolis' Kashkari and Dallas' Logan each wanted a quarter-point hike. Officials see solid growth while inflation stays above the 2% goal. Chair Kevin Warsh welcomed the debate. Traders now put September hike odds near 57%.

3 sources

  1. 01Federal Reservefederalreserve.gov
  2. 02CFO Dive — Fed holds benchmark rate steady in vote with three dissentscfodive.com
  3. 03The Globe and Mail — U.S. Fed leaves rates unchanged, three members in favour of hiketheglobeandmail.com