Fed leaves interest rates unchanged at 3.75%-4%, two officials dissent for a hike

The Federal Reserve left its benchmark interest rate unchanged at 3.75%-4% at its October meeting, as markets had priced in a pause. The vote was 10-2, with Fed Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of a quarter-point hike. The FOMC said more information will help determine the appropriate policy stance to ensure inflation returns to its 2% goal.

Detected & updated continuously · Source: Nebula