News
🚨 🇺🇸 Fed holds at 3.75% to 4.00%, but two officials vote for a hike
🚨 🇺🇸 Fed holds at 3.75% to 4.00%, but two officials vote for a hike
- 🇺🇸 The Fed left the fed funds range at 3.75% to 4.00%, as expected, after September's 25bp hike ()
- 🇺🇸 The vote was 10 to 2, with Lisa Cook and Beth Hammack dissenting in favour of another 25bp hike, after September's unanimous vote
FO view: It argues against near-term relief for front-end yields, with Warsh's press conference the next test.
Not investment advice.