Fed holds rates at 3.75%-4.00% as expected at October FOMC meeting; two members dissented in favor of a hike

The Federal Reserve held interest rates unchanged at 3.75%-4.00%, as expected, at its October FOMC meeting, in a 10-2 vote with two members dissenting in favor of a hike. The statement said inflation remains 'elevated' and the economy is growing at a 'strong pace'. Fed Chair Kevin Warsh's press conference followed the decision.

Detected & updated continuously · Source: Nebula