BUSINESSWTOP DC
Fed leaves interest rate unchanged but with 3 dissents as Warsh praises ‘good family fight’
The Federal Reserve maintained its key interest rate at 3.6% despite high inflation and rising energy prices linked to the Iran war. The 9-3 decision included dissents from three regional Fed presidents, with Chair Kevin Warsh acknowledging the vote as a 'good family fight.' Market expectations for a September rate hike increased to 76%.
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