Federal Reserve issues FOMC statement

Federal Reserve issues FOMC statement

Federal Reserve Holds Rates Steady Amid Internal Dissent

The Federal Open Market Committee voted 9-3 on Wednesday to maintain the federal funds rate in a range of 3.5%-3.75%, with three members dissenting in favor of a rate hike. The decision reflects growing but insufficient support within the Fed for tightening monetary policy despite inflation concerns.

Federal Reserve raises rates despite Trump pressure for cuts

The Federal Reserve raised benchmark interest rates by 25 basis points on September 16, its first increase under Chair Kevin Warsh, despite direct pressure from President Trump to lower rates. Rising mortgage costs persist even as Trump demands rate reductions.

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