Keep pulling the thread on Three Officials Dissent.
The Federal Open Market Committee (FOMC) decided to keep interest rates unchanged in its latest policy meeting.
Four members of the Federal Open Market Committee (FOMC) dissented from the latest policy decision.
FOMC members Lori Logan, Beth Hammack, and Neil Kashkari dissented because they did not support including an easing bias in the policy statement.
FOMC member Stephen Myron dissented from the policy decision, advocating for a 25 basis point interest rate cut.
Fed funds futures markets have priced out any possibility of interest rate cuts by the Federal Reserve for the current year.
Fed funds futures markets are now pricing out interest rate cuts by the Federal Reserve for the year 2026.
Russian President Vladimir Putin has reportedly offered to assist with Iran's uranium enrichment program.
There is speculation that Iran's enriched uranium could be transferred to Russia as part of a third-party arrangement.
The last time the Federal Open Market Committee had four dissenting votes on a policy decision was October 6, 1992.
The Federal Reserve's policy statement attributed elevated inflation in part to a recent increase in global energy prices.
The Federal Reserve's policy statement noted that developments in the Middle East are contributing to a high level of uncertainty for the economic outlook.
The Federal Reserve's policy statement removed the word "somewhat" when describing inflation, changing the characterization from "somewhat elevated" to just "elevated."