Fed Discount Rate Vote: 4 Banks Wanted a Hike, Board Held
Fed discount rate minutes released Aug 25 show four Reserve Bank boards voted to raise the primary credit rate to 4.00% by July 29 — up from two.
fomc dissent
Fed’s 8-4 Split Forces Bond Traders to Hedge Both Ways
The April 29 FOMC meeting ended in an 8-4 split — the Fed’s most divided vote in years, with dissenters on both sides. Here’s what it means for Treasury yields.