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Add as a preferred source on GoogleFederal Reserve Holds Rates at 3.75% to 4% in 10-2 Vote
Lisa D. Cook and Beth M. Hammack dissented, preferring a quarter-point increase. The decision came Wednesday, Oct. 28.
The Federal Open Market Committee kept its federal funds target range at 3.75% to 4% on Wednesday, Oct. 28. The committee voted 10-2, with Lisa D. Cook and Beth M. Hammack dissenting in favor of a quarter-point increase.
The decision was announced at 2 p.m. ET (18:00 UTC). The committee's statement said, “Inflation remains elevated.”
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.