Federal Reserve Holds Rates at 3.75% to 4% in 10-2 Vote
Photo: TokenPost
The Federal Open Market Committee kept its federal funds target range at 3.75% to 4% on Wednesday, Oct. 28. The committee voted 10-2, with Lisa D. Cook and Beth M. Hammack dissenting in favor of a quarter-point increase. The decision was announced at 2 p.m. ET (18:00 UTC). The committee's statement said, “Inflation remains elevated.” Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
