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Fed Holds Rates as Three Officials Push for Surprise Hike
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- First seen29 Jul, 18:03
Fed Holds Rates as Three Officials Push for Surprise Hike
The Federal Reserve left interest rates unchanged Wednesday, defying calls for a surprise hike while revealing an unexpectedly hawkish split within the Federal Open Market Committee (FOMC). Three officials dissented in favor of a 25-basis-point increase, underscoring lingering concerns over inflation and setting up heightened scrutiny of Chair Kevin Warsh’s remarks. Fed Keeps Rates Steady
BeInCrypto•Lockridge Okoth
Latest29 Jul, 19:38Fed holds rates steady as 3 officials push for hike while crypto market stays flat
The Fed said Middle East-driven energy shocks are keeping inflation above its 2% target, as it keeps it rate range steady.
The Block•Kyle Baird
