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Fed holds at 3.75%–4% in 10-2 vote; Cook, Hammack dissent for a hike

By Anthony Asuaje, . 1-minute read.

3.75%–4%: Fed holds rates in 10-2 vote as Cook and Hammack push for a hike; markets still price a December increase.

Key takeaways

  • Two hawkish dissents keep a December hike firmly in play, sustaining a higher-for-longer path for US yields and the dollar, a headwind for EM borrowers.
Watch
CPI prints and post-midterm Fed tone ahead of December.

Fed holds at 3.75%–4%; vote 10-2, with Cook and Hammack backing a 25bp hike.
Hawkish split, but statement offers no clear December signal; stocks flat.
Watch: CPI prints and post-midterm Fed tone ahead of December.

Educational and informational content only. I am not a licensed financial advisor and nothing here is investment advice. Do your own research before making any decision.