Summary: Fed cut rates 25 bps to 4.00–4.25% and signaled two more cuts this year. Gov. Miran dissented for 50 bps.
Why it matters
Easing path affects mortgages, credit and growth. Dissent highlights debate on pace.
Key facts
- Decision: 25 bps cut.
- Guidance: two more cuts in 2025.
What to watch
Labor data; inflation prints; October meeting odds.