Economics
Fed raised rates by 25 basis points, three members dissented
The Fed lifted rates by 25 basis points on Wednesday, with three members dissenting.
The week ahead, reported from the odds
Proof · plate 1 of 1 · pulled Fri 11 Sept · not a record of events
Economics
The Fed lifted rates by 25 basis points on Wednesday, with three members dissenting.
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Economics
The Fed lifted rates by 25 basis points on Wednesday, with three members dissenting.
The Federal Reserve increased its benchmark interest rate by a quarter percentage point at its September meeting. The move represented a modest tightening of monetary policy. Three committee members voted against the increase, highlighting dissent within the board.
The decision was announced on Wednesday, the day the Fed concluded its policy session. The vote tally showed a majority in favor of the hike. The three dissenting votes were recorded alongside the approval.
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