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.