The Federal Reserve's FOMC statement did not specify when interest rates might be cut, and the resolution showed rare disagreement
Federal Reserve maintained interest rates unchanged on Wednesday, with a rare division in the decision-making process and no clear indication of when a rate cut might be possible. This decision was opposed by two directors appointed by Trump - Waller and Bowman, both of whom believe that the current monetary policy is too tight. This is the first time in over 30 years that two directors have voted against a decision. The FOMC voted 9-2 to keep the benchmark overnight interest rate in the 4.25%-4.50% range, maintaining the status quo for the fifth consecutive meeting. The Federal Reserve stated in its announcement: "The unemployment rate remains low, and the labor market conditions remain strong. Inflation remains slightly high." The statement also noted that economic growth "slowed somewhat" in the first half of the year, which could strengthen the case for a rate cut at a future meeting if this trend continues. However, the statement also emphasized that "uncertainty about the economic outlook remains high," and that both inflation and employment targets face risks. This wording reflects the Federal Reserve's reluctance to cut rates hastily before the path of inflation and employment becomes clearer.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Tether launches US-compliant stablecoin USAT to compete with Circle?
How to achieve 220x returns with a market-making bot on Hyperliquid?
For every $1,000 traded, a rebate of $0.03 is earned. It is precisely this seemingly small rebate that enabled the trader to grow from $6,800 to $1.5 million.

Korea's leading RWA project Piggycell, Piggy Night live event demonstrates popularity: Establishing a "usage-driven RWA" paradigm through data and accountability
Heavy rain can't dampen the enthusiasm.

CRP-1 Arrives: A Comprehensive Analysis of Hong Kong's New Crypto Asset Regulations, Reshaping the Crypto Landscape
The Hong Kong Monetary Authority has released a consultation paper, CRP-1 "Crypto Asset Classification," aiming to establish a regulatory framework that balances innovation and risk control. The paper clarifies the definition and classification of crypto assets, as well as regulatory requirements for financial institutions, aligning with international standards set by the BCBS. Summary generated by Mars AI. The accuracy and completeness of this summary, generated by the Mars AI model, are still in the process of iterative improvement.

Trending news
MoreCrypto prices
More








