Fed leaves funds rate unchanged

Monetary Policy Stance - The Federal Reserve decided to leave interest rates unchanged, maintaining the range of 425% to 450% [1] - Two governors dissented, favoring a 025% rate cut [1] - It marks the first time since 1993 that two governors have dissented [2] - Nine votes supported keeping rates on hold [2] Economic Assessment - Export fluctuations continue to impact the data [3] - Growth moderated in the first half of the year [3] - Uncertainty about the economic outlook remains elevated [3][4] - The Fed removed "diminished" from the statement, indicating continued high uncertainty [4] - Inflation remains somewhat elevated [4] - Unemployment is low, and the labor market is solid [4] Forward Guidance - The committee has attended to the risks on both sides of the mandate [5] - The statement does not hint at an imminent rate cut in September [5]