Fed Holds Rates, but 3 Hawkish Rebels Demand Hike as Inflation Fight Erupts

AI Summary The Federal Reserve held its benchmark interest rate steady at 3.50% to 3.75% on July 29, but the decision came over the objections of three officials who wanted to raise borrowing costs instead. The Federal Open Market Committee voted 9 to 3 to keep the target range unchanged, citing solid economic growth alongside inflation that […] fulltext: 342 chars | fulltext source: rss-fallback | summary method: extractive Original: https://news.bitcoin.com/finance/fed-holds-rates-but-3-hawkish-rebels-demand-hike-as-inflation-fight-erupts/ Source: Bitcoin.com News