Keep pulling the thread on Three Officials Dissent.
The Federal Reserve's latest interest rate decision resulted in no change to rates but included four dissents from committee members.
FOMC members Lori Logan, Beth Hammack, and Neil Kashkari dissented from the policy decision because they did not support including an easing bias in the statement.
FOMC member Stephen Myron dissented from the policy decision because he favored a quarter-point interest rate cut.
The Federal Reserve changed the language in its policy statement regarding inflation from "remained somewhat elevated" to simply "elevated," signaling increased concern.
Russian President Vladimir Putin has reportedly told the U.S. President that Russia would like to assist with Iran's nuclear enrichment program, potentially by moving enriched uranium to Russia.
Fed funds futures have priced out any possibility of Federal Reserve rate cuts for the current year and are now pricing out cuts for 2026.
The last time the Federal Reserve's FOMC had four dissents on a policy decision was on October 6, 1992.
The Federal Reserve's official statement identifies the war in Iran and the recent increase in global energy prices as partial causes for elevated inflation.
The Federal Reserve's policy statement notes that developments in the Middle East are contributing to a high level of uncertainty about the economic outlook.
Brent crude oil prices were trading at $118 per barrel, up on the session.
Stephanie Roth of Wolf Research believes the odds of the Federal Reserve cutting rates later this year should decrease following the divided FOMC vote.
Measures of money supply, such as M2 deposits and money market funds, are still increasing rapidly.