Here’s What Wall Street Is Saying About the Divided FedBy
A hawkish hold, but a dovish trajectory.
Though the Federal Reserve elected to maintain its benchmark policy rate at a range of 25 to 50 basis points, as was almost universally expected, the September meeting was not without fireworks.
Three voting members dissented from that majority decision, preferring an increase in interest rates at this meeting, while the dot plot revealed that the same number of Fed officials don’t think it will be appropriate to raise rates in 2016 at all…
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