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The FOMC held rates steady at 3.50%-3.75%, although three officials voted in favor of a rate hike, underscoring continued concerns about inflation and the evolving economic outlook.
Fed Holds Rates Steady at 3.50%–3.75% as Three Officials Vote for a Hike : Capital Markets Monthly
JUL
31
At its July meeting, the Federal Open Market Committee (FOMC) maintained the target range for the federal funds rate at 3.50% to 3.75%. However, three members voted against the policy, preferring to increase the target range by one quarter percentage point.
