Fed holds rates at 3.75-4.00% in 10-2 vote; Cook and Hammack dissent for a hike

The Federal Reserve left its key overnight interest rate unchanged in the 3.75-4.00% range on a 10-2 vote, with Lisa Cook and Beth Hammack dissenting in favor of a 25-basis-point hike. The Fed said inflation remains elevated, economic activity is expanding at a strong pace, job gains have kept pace with the workforce, and productivity growth is strong.

Detected & updated continuously · Source: Nebula