FOMC: Job Gains Have Kept Pace With Workforce, Unemployment Rate Has Changed Little; FOMC Is Continuing Policy Of Maintaining Ample Reserves In The Banking System; Fed Vote In Favor Of Policy Was 9-3, With Cleveland Fed President Hammack, Minneapolis Fed President Kashkari And Dallas Fed President Logan Dissenting In Favor Of A 25-Basis Point Increase
https://www.federalreserve.gov/newsevents/pressreleases/monetary20260729a.htm
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Why It Matters
The Federal Reserve decided to keep interest rates steady because jobs are doing fine and inflation isn't changing much. Three leaders wanted rates to go up a little, but most thought staying the same was better right now.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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