Fed Votes 10–2 to Hold Rates Steady Amid Economic Crosswinds On Wednesday, the Federal Open Market Committee (FOMC) voted 10–2 to keep the federal funds rate unchanged at 3.50%–3.75%. While the decision matched market expectations, the language accompanying the announcement was anything but routine. The Fed warned that "uncertainty about the economic outlook remains elevated", and it acknowledged "risks to both sides" of its dual mandate—price stability and maximum employment. This carefully crafted language signals hesitation at the highest levels of monetary policy. While inflation remains “somewhat elevated,” job gains are slowing, and unemployment is showing “some signs of stabilization.” It’s clear: the Fed is trapped between the threat of recession and the need to maintain public confidence in an…
Continue reading as a Citizen
Dedollarize News is free to read for signed-up members. Become a Citizen to finish this article, save what matters, and get the weekly briefing.
No credit card required. Cancel any time.
