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Rate expectations faced a sharp recalibration.
The Federal Reserve, under Chair Kevin Warsh, voted to keep interest rates unchanged at its latest meeting, a decision that drew three dissenting votes from committee members.
The outcome has been characterized as the most notable non-cut decision in decades, making this an unusually significant hold by any modern measure.
A hold with rare internal friction Three dissenting votes at a meeting where the committee chose not to cut is a signal that the rate debate inside the Federal Open Market Committee is live and contested.
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