Federal Open Market Committee Maintains Interest Rates, Four Members Dissent
The Federal Open Market Committee (FOMC) kept its fed funds target unchanged at 3.5%-3.75% for the third consecutive meeting. Four of the 12 voting members dissented, the highest number since 1992, leading to increased yields on two-year notes and uncertainty about future rate cuts. The 10-year Treasury yield has risen to 4.43% amid higher oil prices.
Topics: dissenting votes Federal Reserve FOMC interest rates Treasury yields