Story perspectives
Fed Holds Rates at 3.9% Despite Two Dissenters
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- The Federal Reserve kept its benchmark rate unchanged at about 3.9%.
- Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, preferring a quarter-point hike.
- President Donald Trump renewed a committee to probe alleged mortgage-fraud claims against Cook.
- 30-year mortgage rates rose to a 7.4% three-year high, affecting 5 million buyers.