#FedKeepsRatesUnchanged

About FedKeepsRatesUnchanged

The Fed voted 10-2 to hold rates at 3.75%-4.00%, with Cook and Hammack favoring a 25 bps hike. It described growth as strong and inflation as elevated. Chair Warsh declined to offer forward guidance, saying policy depends on incoming data and decisions remain free of political influence. Treasury yields, the dollar and gold fluctuated during the briefing, while markets continued pricing a high likelihood of a December hike. Upcoming Q3 GDP and September PCE will test economic resilience and infl