Fed keeps rates steady despite rare split vote from two officials

Community Trust Score Verified 87 % Real Verified 39 votes Updated 13 hours ago The Federal Reserve held its target range at 3.75% to 4% on Oct. 28, a decision reached on a 10-2 vote. The split outcome marked a rare instance of dissent within the central bank’s policy committee, with two officials arguing for an immediate increase in interest rates rather than a pause. Governor Lisa Cook and Cleveland Fed President Beth Hammack cast the dissenting votes in the Oct. 28 decision.

Source: The Currency Analytics