The Fed voted ten to two in favor of an interest rate hold for October. Beth Hammack and Lisa Cook were the dissenters. Tom White does not see the decision as a surprise as the FOMC aims to keep inflation from getting out of control without risking economic growth. He takes investors through his expectations on Fed Chair Kevin Warsh's press conference, including tentative comments around energy supply shocks as the U.S.-Iran war continues. Tom addresses whether the housing market will remain in a rolling recession due to the elevated rates.
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