FOMC meeting summary:
- Fed leaves rates unchanged for the 5th straight meeting
- Fed votes 9-3 to hold benchmark rate in 3.50%-3.75% zone
- Hammack, Kashkari, and Logan dissent in favor of rate hike
- Fed says economic activity is expanding at a "solid pace" despite uncertainty
- Fed says job gains have "kept pace with the workforce"
- Fed says it remains committed to its 2% inflation goal
The longest Fed pause since the 2008 cycle continues…
- Fed leaves rates unchanged for the 5th straight meeting
- Fed votes 9-3 to hold benchmark rate in 3.50%-3.75% zone
- Hammack, Kashkari, and Logan dissent in favor of rate hike
- Fed says economic activity is expanding at a "solid pace" despite uncertainty
- Fed says job gains have "kept pace with the workforce"
- Fed says it remains committed to its 2% inflation goal
The longest Fed pause since the 2008 cycle continues…