Fed Holds Rates Steady at 3.75% to 4%
The Federal Reserve voted 10-2 to keep its benchmark rate unchanged, saying the economy is growing at a “strong pace.” Jeffrey Gundlach said the central bank should have hiked, while others backed the pause.
The Federal Reserve held its benchmark interest rate steady at 3.75% to 4% on Wednesday, largely in line with market expectations. Experts are now divided on whether it was the right call.The decision passed 10-2, with the central bank noting that the economy is growing at a “strong pace.”“Inflatio…