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Major equity indexes put in their worst "Fed Day" performance since December 2024, while the yield on the 30-year bond shot higher.
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Fed holds interest rates steady after cliffhanger meeting, but three officials dissent CNNDivided Fed holds interest rates steady, but three members voted to hike CNBCWarsh Spins a Good Yarn on Bringing Down Inflation, But Markets Aren't Buying It Barron'sWall Street is panicking over Kevin Warsh's patience Fortune4 Takeaways From the Federal Re
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Despite increasing support for a rate increase, the Federal Open Market Committee voted 9-3 to leave the federal funds rate in a range between 3.5% and 3.75%.
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The surge in Treasury yields suggests investors doubt that the Federal Reserve can keep inflation contained.
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Kevin M. Warsh's second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for policy.
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The Federal Reserve on Wednesday followed through on expectations for no interest rate change.
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Fed officials held interest rates steady, but they have splintered over how to fight inflation.
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