Fed Leaves Rates Steady as Three Officials Dissent in Favor of a Hike
The U.S. Federal Reserve on Wednesday kept its benchmark interest rate unchanged in a 3.50% to 3.75% range, underscoring a split among policymakers over how aggressively to tackle persistent inflation. Three of the 12 members of the Federal Open Market Committee, the presidents of the Cleveland, Dallas, and Minneapolis Fed banks, dissented in favor of a quarter-point increase, repeating an earlier break with the majority. The Fed said economic activity is expanding at a solid pace, with strong job gains and low unemployment, but inflation remains above its 2% target, influenced recently by higher global fuel and food prices and robust AI-related investment demand.
Prepared by Christopher Adams and reviewed by editorial team.
- Articles Published:
- 21
- Right Leaning:
- 0
- Left Leaning:
- 0
- Neutral:
- 21
- Distribution:
- Left 0%, Center 100%, Right 0%
Coverage of Story:
From Left
No left-leaning sources found for this story.
From Center
Fed Leaves Rates Steady as Three Officials Dissent in Favor of a Hike
Reuters Federal Reserve Board Federal Reserve Board Times of India Washington Examiner Washington Examiner Korea JoongAng Daily The Business Journal Hindustan Times Virginia Business Financial Express Bullion Exchanges Connect Money Allegiance Gold Reuters Bloomberg News CNBC Wall Street Journal Associated Press Fox Business MarketWatchFrom Right
No right-leaning sources found for this story.
Comments