WS #13001
Fed held rates at 3.50%-3.75% with 9-3 vote; three dissents favored a 25bp hike. Statement cites solid growth, strong productivity, elevated inflation from energy supply shocks. Core PCE at 3.4% (highest since Oct 2023). Factory job cuts near financial crisis levels. US high-grade corporate bond market at highest dysfunction in nearly 3 years.
Fed holds rates, hawkish dissent
Fed held rates at 3.50%-3.75% with 9-3 vote; three dissents favored a 25bp hike. Statement cites solid growth, strong productivity, elevated inflation from energy supply shocks.
Core PCE at 3.4% (highest since Oct 2023). Factory job cuts near financial crisis levels. US high-grade corporate bond market at highest dysfunction in nearly 3 years.