Fed keeps rates between 3.75% and 4%, and 2 members vote for another hike 🚨
The vote was 10 to 2. Cook and Hammack wanted to raise rates now. In September, the hike was unanimous (12 to 0).
U.S. inflation is at 3.7%, well above the 2% target. With some committee members calling for a hike, today’s pause may last only until December.
Higher rates for longer keep the dollar strong and borrowing costs high, weighing on stocks and bitcoin.
In Brazil, the Selic rate is at 13.75% and falling. With the interest rate differential narrowing, the real is more exposed. #FED
The vote was 10 to 2. Cook and Hammack wanted to raise rates now. In September, the hike was unanimous (12 to 0).
U.S. inflation is at 3.7%, well above the 2% target. With some committee members calling for a hike, today’s pause may last only until December.
Higher rates for longer keep the dollar strong and borrowing costs high, weighing on stocks and bitcoin.
In Brazil, the Selic rate is at 13.75% and falling. With the interest rate differential narrowing, the real is more exposed. #FED