Thomas Barkin

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Fed holds rates at 3.75%-4% after September's first hike since 2023

Said on Oct. 30 that the direction of travel for rates is "pretty straightforward"

The Federal Reserve held its benchmark rate at 3.75% to 4% on Oct. 28, a pause after September's quarter-point increase, the first hike since 2023. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, wanting another quarter-point increase.

Updated 3 days ago