Fed holds rates as Cook and Hammack dissent, Gordon Johnson notes

Fed holds rates as Cook and Hammack dissent, Gordon Johnson notes
Fed holds rates with 10-2 vote split

The Federal Reserve kept interest rates steady in its latest decision, with the vote split 10-2 compared to a previous unanimous 12-0 result.

Gordon Johnson highlighted that Lisa Cook and B. Hammack voted for a rate increase, noting that while Hammack's dissent was expected, this marks the first time Cook has dissented since joining the Board in 2022. Johnson also pointed out that Cook's recent speeches had maintained a neutral stance.

Gordon Johnson has also tracked developments in the auto sector, recently noting that Elon Musk cut Tesla’s 2030 annual car forecast from 20 million to 5 million units. In a separate report, Johnson highlighted that TSLA’s Q3 deliveries rose 1.4 percent, with U.S. sales down and China up. These updates reflect Johnson’s ongoing coverage of key shifts in corporate and economic trends.

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