WS #13094
The Fed left rates unchanged at 3.5-3.75% with three dissents favoring hikes, as Chair Warsh acknowledged inflation persistence and geopolitical uncertainties, causing long-term yields to spike. US Q2 GDP grew 1.5% vs 2.1% prior, with strong consumer spending (3.2%) and business equipment investment (15.2%) offset by widening trade deficit and inventory drawdown.
Fed Holds Rates with 3 Dissents
The Fed left rates unchanged at 3.5-3.75% with three dissents favoring hikes, as Chair Warsh acknowledged inflation persistence and geopolitical uncertainties, causing long-term yields to spike.
US Q2 GDP grew 1.5% vs 2.1% prior, with strong consumer spending (3.2%) and business equipment investment (15.2%) offset by widening trade deficit and inventory drawdown.