Fed holds rates at 3.75%–4% in split 10–2 vote as two officials push for a hike

Money & Policy/Federal Reserve/
Fed holds rates at 3.75%–4% in split 10–2 vote as two officials push for a hike
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The Federal Reserve left its benchmark rate at 3.75%–4% on October 28, a month after its first hike since 2023. The 10–2 vote exposed a hawkish split, with Governor Lisa Cook and Cleveland Fed President Beth Hammack pushing for another quarter-point increase. Policymakers called inflation still elevated and growth strong, and futures now lean heavily toward a December hike.

2 sources

  1. 01Fox Business — Federal Reserve makes interest rate decision ahead of midtermsfoxbusiness.com
  2. 02Yahoo Finance — Rate decision live: Interest rates held steady in split vote, Warsh says politics played no role ahead of midterm electionsfinance.yahoo.com