- Fed held rates at 3.75%-4% on 10-2 vote
- Cook and Hammack dissented for 25bp hike
The Fed held its benchmark rate at 3.75%-4% on a 10-2 vote. Governor Cook and Cleveland Fed President Hammack dissented in favor of a quarter-point increase. The statement signaled another hike is possible. Chair Warsh said inflation expectations have moved lower and the period ahead is 'information rich.'
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