「Fed Watch」: Fed Keeps Rates Unchanged in 9-3 Vote, Marking First Three Descents Since 2016

BlockBeats News, July 30th, Nick Timiraos, also known as the "Fed's megaphone," stated that the Federal Open Market Committee (FOMC) of the Federal Reserve voted 9-3 to keep interest rates unchanged. Three regional Fed presidents voted against, advocating for a 25 basis point hike.

This is the first time since 2016 that the Fed has seen three dissenting votes in favor of a rate hike in the same monetary policy decision, indicating a growing hawkish divide within the Fed.