Odaily Planet Daily report: The Federal Reserve如期 maintained interest rates unchanged, with 12 voting members participating in the vote—marking the highest number of dissenting votes since October 1992. According to the FOMC statement, Governor Millard voted against maintaining the current rate and supported a 25-basis-point cut; Cleveland Fed President Harker, Minneapolis Fed President Kashkari, and Dallas Fed President Logan voted in favor of holding rates steady but opposed retaining language indicating a dovish tilt in the statement. The FOMC statement retained the phrase “in considering the extent and timing of further adjustments to the target range for the federal funds rate.” Investment banks had anticipated that the word “further” would be removed to weaken any implication of an impending rate cut. This meeting is likely to be Powell’s final one as Federal Reserve Chair. (Jinshi)
Fed Holds Interest Rates Steady Amid Record Four Dissenting Votes
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Summary
Fed news indicates interest rates were held steady, with 12 voting members and four dissenting—the highest number since 1992. Mullan supported a 25-basis-point cut. Harker, Kashkari, and Logan opposed dovish language in the FOMC statement. The word "further" remained in the statement, defying Wall Street expectations. This meeting may be Powell’s last as Fed Chair.
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