The Fed is holding interest rates steady again as Powell's final meeting as chair wraps up

The vote was the most divided since October 1992, with dissenters split between wanting a cut and opposing any easing signal

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The Federal Reserve voted to hold its benchmark interest rate in a target range of 3.5% to 3.75%, marking the third consecutive meeting without a change and producing the most divided vote the rate-setting committee has seen in more than three decades.

October 1992 was the last time the FOMC recorded four dissenting votes, according to CNBC — a threshold reached again Wednesday when the committee divided 8-4, with dissenters motivated by opposing concerns.

Since his arrival at the central bank in September 2025, Miran has........

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