Divided Fed Leaves Rates Unchanged

The transcript discusses the Federal Reserve's potential quarter-point rate hike by year-end, with 14 of 17 Fed officials expecting a benchmark rate of at least 50 points. Despite solid job gains and strong household spending, the Fed decided to wait for more evidence before increasing rates due to slow business investment and low inflation expectations. Notably, three policymakers dissented, voting for a rate increase. The Fed's economic projections indicate modest GDP growth, leading to a lowered rate increase trajectory for the coming years.

What was the Federal Open Market Committee's decision regarding the Fed funds target at the last meeting?

What did the Fed say about job gains and household spending?

Who were the three policymakers that dissented from the majority regarding the interest rate decision?

What was the Fed's stance on the near-term risks to the economic outlook?

What does the Fed's economic projections indicate about GDP growth over the next three years?