Fed Holds Rates, Three Dissents Reinforce September Hike Expectations

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Federal Reserve left the federal funds target range unchanged at 3.50-3.75%, as widely expected, but the 9-3 vote delivered a more hawkish signal than markets had anticipated. Cleveland Fed President Beth Hammack and Dallas Fed President Lorie Logan both dissented in favor of an immediate 25 basis point hike, as expected. More notably, Minneapolis Fed […]The post Fed Holds Rates, Three Dissents Reinforce September Hike Expectations appeared first on ActionForex.