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The Fed held rates unchanged as expected. Lisa Cook and Beth Hammack dissented in support of a hike. The post-meeting statement said economic activity was expanding at a strong pace, with resilient spending and strong productivity.
U.S. stocks were mostly higher, while the Nasdaq fell into negative territory following the Fed’s decision to leave rates unchanged. The FOMC said economic activity was expanding at a strong pace.
The FOMC described economic activity as expanding at a “strong” pace in its statement.
FEDERAL RESERVE LEAVES KEY OVERNIGHT INTEREST RATE UNCHANGED IN 3.50-3.75% RANGE, SAYS IT WILL DELIVER PRICE STABILITY