Dissents, rising prices, and a change to the meeting schedule: 3 takeaways from the October Fed meeting
The Fed held interest rates steady in its latest decision, following the September rate hike. The FOMC decision wasn't unanimous this time.
The Federal Open Market Committee (FOMC) held its October meeting, deciding to keep interest rates unchanged despite two members dissenting. This decision came as inflation remained above the Federal Reserve's 2% target, while unemployment stayed low. Chair Kevin Warsh also announced a shift in the meeting schedule for next year, with one meeting dedicated to strategic deliberations and no voting on the federal funds rate.
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