- Fed held rates at 3.75%-4%, 10-2 vote.
- Cook and Hammack dissented for a quarter-point hike.
The Federal Reserve held its benchmark rate at 3.75%-4% on a 10-2 vote, with two officials dissenting in favor of a hike. Chairman Kevin Warsh left the door open for a December increase. Oil rose on Middle East escalation risks, gold slipped, and Asian equities rallied on strong AI-related earnings.
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