Dissents, rising prices, and a change to the meeting schedule: 3 takeaways from the October Fed meeting
Source: Business Insider ·
The Fed held interest rates steady in its latest decision, following the September rate hike. The FOMC decision wasn't unanimous this time.
From the source
Fed chair Kevin Warsh answered questions at the FOMC press conference.Alex Wong/Getty ImagesThe Fed decided to hold rates steady in October as expected, with two members dissenting.The FOMC's main issue is inflation, which has been elevated for years.Next year will be the start of a meeting change so that the FOMC can have "strategic deliberations."The second-to-last Federal Open Market Committee meeting in 2026 has come and gone, with some new information unveiled at Chair Kevin Warsh's press conference.The FOMC decided in its meeting to hold interest rates steady on Wednesday, although two members dissented.That comes as the inflation rate has been above the Fed's 2% target, while unemployment remains low. Warsh also announced a shake-up to next year's FOMC meeting plans.Here are three large takeaways from Wednesday's Fed meeting.Two dissentsWhile last month's 25-basis-point hike was a unanimous 12-0 decision, the October vote to hold rates steady was 10-2. Lisa Cook and Beth…