Economy
Fed Holds at 3.75%-4% With Two Dissenters Calling for a Hike Now
via CNBC
The Federal Reserve voted 10-2 on October 28 to keep its benchmark rate at 3.75%-4%, with Governors Cook and Hammack dissenting in favor of an immediate quarter-point increase. Chair Kevin Warsh called inflation 'too high,' and markets now widely expect a December hike.
Why it matters
A likely December rate increase means borrowing costs on credit cards, auto loans, and home equity lines are set to climb again before year-end.


