💥✨️ Federal Reserve Sets Upper Bound at 3.75%, Leaves Rates Unchanged
The Federal Reserve announced its interest rate decision, setting the upper bound at 3.75%, in line with expectations and unchanged from the previous level.
According to Wall Street Journal reporter Nick Timiraos, there were four dissents on the Fed’s rate pause, with three bank presidents pushing to remove the easing bias and one governor dissenting in favor of a rate cut. The last meeting with four dissents was in 1992.
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