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via finance.yahoo.comEconomy

Fed holds rates at 3.75%-4.00% with two dissents for a hike; December odds at 82%

FROM THE WIRE · FINANCE.YAHOO.COM

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. The Federal Reserve held interest rates steady Wednesday, but two policymakers voted for another hike, highlighting concern over persistent inflation. The Federal Open Market…

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MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishThe Fed holds rates but two members vote for a hike, raising tightening expectations and pressuring rate-sensitive assets.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01The FOMC voted 10-2 to keep rates at 3.75%-4.00%.
  2. 02Governor Lisa Cook and Cleveland Fed President Beth Hammack favored a quarter-point hike.
  3. 03On Polymarket, odds of a December hike climbed to 82%.

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