Fed’s Historic Show of Dissent: FOMC Holds Rates Steady as Multiple Governors Break Ranks for First Time Since 1993

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The Federal Reserve just delivered a jolt to Wall Street—and sent a ripple through history. The Federal Open Market Committee (FOMC) voted 9-2 to hold the federal funds rate steady at 4.25%-4.5%. It sounds routine, but don’t be fooled: this is the first time since 1993 that more than one Fed governor has publicly dissented
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