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The Federal Reserve kept interest rates unchanged on Wednesday.
The Federal Reserve's latest 8-4 vote was its most divided rate decision since 1992.
KEY POINTS
- Three policymakers opposed the statement's bias towards lowering borrowing costs despite supporting steady rates.
- The Fed's policy statement shifted language, now calling inflation 'elevated' due to global energy prices.
- Jerome Powell will remain on the Fed board after his chair term ends next month.
COMPANIES
Summarized by Newsio from The Economic Times. How we summarize →