极道桃园
The Federal Reserve FOMC statement did not specify when interest rate cuts might occur, the decision showed rare dissent.
The Federal Reserve held interest rates steady on Wednesday, with the decision process showing rare dissent. The statement did not specify when interest rate cuts might occur. This decision faced opposition from two governors appointed by Trump—Waller and Bowman—who both believe the current monetary policy is too tight. This is the first time in over 30 years that two governors cast dissenting votes on a decision. The FOMC voted 9 to 2 to maintain the benchmark overnight rate in the range of 4.25%-4.50%, holding steady for the fifth consecutive meeting. The Federal Reserve stated in the announcement: "The unemployment rate remains low, and the labor market is still robust. Inflation remains slightly elevated." The statement also noted that economic growth has "slowed somewhat" in the first half of the year, which could strengthen the rationale for the Fed to cut rates at a future meeting if this trend continues. However, the statement also emphasized that "uncertainty regarding the economic outlook remains high" and stated that both inflation and employment targets face risks. This wording reflects the Fed's reluctance to hastily cut rates while the paths for inflation and employment remain unclear❤️
No hope for rate cuts, it seems that the person from a few days ago has won❤️
