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Federal Reserve holds interest rates at 3.75% to 4.00%
The Federal Reserve opted to maintain the federal funds target range at 3.75% to 4.00% following its latest meeting. The decision was reached by a 10 to 2 vote, with Governor Lisa Cook and Cleveland Fed President Beth Hammack dissenting in favor of a quarter-point increase.
In post-decision remarks, Chair Kevin Warsh noted that while economic activity is expanding at a strong pace, inflation remains elevated. He emphasized that the central bank is committed to returning inflation to its 2% target and will rely on accumulating more data to determine future policy stances. Warsh also announced a plan to reduce the frequency of monetary policy decisions from eight to six meetings per year starting in 2028.
Market participants are now looking toward upcoming economic indicators, including the Personal Consumption Expenditures (PCE) price index, to gauge the trajectory of inflation. Investors are also pricing in the possibility of a further rate hike in December.
Entities
Beth Hammack · Bureau of Labor Statistics · CME Group · FOMC · Federal Open Market Committee · Federal Reserve · John Williams · Kevin Warsh · Lisa Cook · Michelle Bowman · Philip Jefferson · United States
Claims
What the coverage asserts, and how many sources carry each claim.
- [○ 1 SOURCE] The unemployment rate remained steady at 4.2% in September.
- [● 7 SOURCES] US consumer prices rose 3.7% annually in September.
- [● 2 SOURCES] Gasoline prices increased by 9.1% in September.
- [● 4 SOURCES] The Fed raised its benchmark rate by 25 basis points in September.
- [● 9 SOURCES] The CME FedWatch tool indicates a 73% probability of a rate hike in December. insider.sm · blockchainseoul.kr
- [○ 1 SOURCE] The Producer Price Index climbed 1.3% in September.
- [● 36 SOURCES] The FOMC is expected to keep interest rates in the 3.75% to 4.00% range. insider.sm · kryptomagazin.cz · blockchainseoul.kr · www.fininfo.be · cryptonewsland.com
- [● 4 SOURCES] Only 29,000 new jobs were created in September. kryptomagazin.cz
- [● 24 SOURCES] The FOMC is expected to maintain interest rates in the 3.75% to 4.00% range. blockchainseoul.kr · www.fininfo.be · insider.sm · kryptomagazin.cz · www.albiladpress.com · +4 more
- [● 2 SOURCES] Gasoline prices rose 9.1% in September.
- [● 6 SOURCES] The Federal Reserve raised its benchmark rate by 25 basis points in September.
- [● 18 SOURCES] Annual inflation reached 3.7% in September. insider.sm · kryptomagazin.cz · blockchainseoul.kr · www.fabrique-exportation.com · www.nbcnews.com · +1 more