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The Federal Reserve's new, less predictable approach to monetary policy kept Wall Street guessing until Wednesday's announcement: no rate hike (yet).
Fed Chairman Kevin Warsh, who favors a Federal Open Market Committee that limits providing any hints about interest rate decisions, kept the market in suspense until the official announcement of another rate pause. The Fed held rates steady, but three officials voted for a rate increase.
Follow live: Fed holds interest rates steady in split decision
Wall Street traders, as measured by federal funds futures, increasingly expect a rate hike in September.
#kept #hike
The Federal Reserve's new, less predictable approach to monetary policy kept Wall Street guessing until Wednesday's announcement: no rate hike (yet).
Fed Chairman Kevin Warsh, who favors a Federal Open Market Committee that limits providing any hints about interest rate decisions, kept the market in suspense until the official announcement of another rate pause. The Fed held rates steady, but three officials voted for a rate increase.
Follow live: Fed holds interest rates steady in split decision
Wall Street traders, as measured by federal funds futures, increasingly expect a rate hike in September.
#kept #hike
10 hours ago
