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Federal Reserve officials Cook and Hammack expressed dissent regarding the recent policy decision, advocating for a 25 basis points interest rate hike instead.
The Federal Reserve has upgraded its assessment of economic activity, now describing it as occurring at a strong pace.
Additionally, the Fed has removed language indicating that today's policy action supports a timelier return to its inflation goal.
Reporting aggregated and summarized by CLOM — research & education, not financial advice.