𝐅𝐎𝐌𝐂 𝐌𝐞𝐞𝐭𝐢𝐧𝐠 𝐊𝐄𝐘 𝐓𝐀𝐊𝐄𝐀𝐖𝐀𝐘𝐒:

✅ Rates Unchanged: Held at 4.25%–4.5%.

✅ Rare Dissent: Two governors voted for a 0.25% cut — first since 1993.

✅ Cut Odds Drop: September rate cut now seen as less likely (<50%).

✅ Inflation Risk: Concern over tariffs fueling persistent inflation.

✅ Labor Split: Dissenters flagged job market weakness; Powell sees it as solid but with risks.

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