The Fed just held rates at 3.75% to 4.00%, but 2 officials voted to HIKEThe vote was 10 to 2. Governor Lisa Cook and Cle…
The Fed just held rates at 3.75% to 4.00%, but 2 officials voted to HIKE
The vote was 10 to 2. Governor Lisa Cook and Cleveland Fed President Beth Hammack both wanted another 25 bps increaseIt's Cook's first dissent since she joined the Fed in 2022The statement says inflation "remains elevated" and upgrades the economy to "expanding at a strong pace" from "solid" in SeptemberThe Fed already hiked in September, and futures now point to a strong chance of another hike in DecemberChair Kevin Warsh also said one 2027 meeting will focus only on strategy, with no rate vote and no statement$SPY held its gains after the decisionTwo hawkish dissents on a hold day says the debate inside the Fed isn't whether to hike again, it's when. With growth running hot and the midterms on Nov 3, December is shaping up as the real decisionSource: StockMarket.News
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.