Federal Reserve holds rates steady, with two officials dissenting in favor of a hike
The Fed left interest rates unchanged at its October 28 meeting, choosing to wait for more data. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, favoring a quarter-point increase. September consumer prices were up 3.7% from a year earlier, and core inflation was 2.6%. The Fed had raised rates in September to a range of 3.75% to 4%.
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- Charles Schwab (schwab.com)
- CNBC (cnbc.com)
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