🇺🇲 The meeting in the U.S. has just concluded, and the Fed has officially announced its decision: the interest rate was left unchanged at 3.75%–4.00%.
📢 What exactly happened at the meeting and during Warsh’s remarks:
Rate decision: the rate was left unchanged, but the decision was not unanimous. The vote was 10 to 2. Two committee members (Lisa Cook and Beth Hammack) called for raising the rate by another 0.25% because of high inflation.
When journalists asked what would happen in December, he answered directly: the Fed would make no promises. He said an “information-rich period” lies ahead, and the committee needs to gather more macroeconomic data to make the right decision.
#FedNews #FOMC
📢 What exactly happened at the meeting and during Warsh’s remarks:
Rate decision: the rate was left unchanged, but the decision was not unanimous. The vote was 10 to 2. Two committee members (Lisa Cook and Beth Hammack) called for raising the rate by another 0.25% because of high inflation.
When journalists asked what would happen in December, he answered directly: the Fed would make no promises. He said an “information-rich period” lies ahead, and the committee needs to gather more macroeconomic data to make the right decision.
#FedNews #FOMC
