Fed Silent about September Rate Cut, Still Waiting for “Greater Confidence” about Inflation, Keeps Rates Unchanged

FOMC members voted unanimously today to maintain the Fed’s five policy rates, with the top of its policy rates at 5.50%, according to the statement released today after its two-day meeting. The last rate hike occurred in July 2023, and this decision marks the anniversary of the 5.25% to 5.5% rates...