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Oh, also of interest: the headlines note that there were the most dissenters on this rates decision since 1992. Since people were looking for a rate cut the implication is that the dissenters wanted one.

That is NOT CORRECT.

There were four dissents.

_One_ wanted an immediate rate cut, as context around the headlines would imply.

The other three wanted the forward-looking possible-rate-cut-languge _removed_. They wanted no rate cut now, and they wanted the suggestion of a rate cut at the next meeting _taken out_, meaning they expect higher inflation.

This is the opposite of the contextual headline implication and one should take it onboard for one's inflation expectations accordingly.

#economy #InterestRates #FedReserve #inflation