The Fed holds rates steady.
By Nexqual Desk ·
The Fed holds rates steady.
• Target range: 3.75–4.00% (was 3.75–4.00%)
• Vote: 10–2
• Dissent: Lisa D. Cook, Beth M. Hammack — preferred to raise the target range for the federal funds rate by 1/4 percentage point at this meeting
Why it matters: the Fed’s rate sets the cost of borrowing across the economy — and moves every stock.
Source: Federal Reserve statement. For information only, not financial advice.
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