Fed Leaves Rates Unchanged, Two Members Dissent

Interest Rate Policy - The benchmark interest rate remains unchanged in a range of 425 to 450 basis points [1] - The statement omits any forward guidance regarding future rate adjustments [1][2] - The committee will continue to carefully assess incoming data, the economic outlook, and the balance of risks when considering future adjustments to the target range [3] Economic Assessment - Economic growth moderated in the first half of the year, influenced by swings in net exports [1] - Uncertainty surrounding the economic outlook remains elevated [2] - Labor market conditions remain solid, while inflation remains somewhat elevated [3] - One governor believes the labor market is on the edge [5] Dissenting Opinions - Two governors dissented, preferring a 25 basis point rate cut, marking the first time since 1993 that two governors voted against a committee decision [4]