The Fed delivered no surprises today, but there were some nuances. The rate remains unchanged at 3.75%–4.00%.
​But the vote wasn’t quite unanimous: 10 to 2, with two committee members actually pushing for a hike due to persistent inflation. Essentially, the regulator is at an impasse and waiting for new data to figure out what to do next.
​For the market, this is neutral, but the pressure is palpable. What does everyone think—where are we headed over the next few weeks? 👇
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