Fed Holds Rates as Four Policymakers Dissent—Highest Count Since 1992

The Federal Reserve held its policy rate at 3.5-3.75% in April, with Cleveland's Hammack, Minneapolis's Kashkari, Dallas's Logan and Vice Chair Isaacs voting against the 0.25% cut—the most dissent recorded since 1992. March CPI accelerated to +0.9% month-over-month and +3.3% year-over-year, with energy surging 12.5% annually, reflecting inflation's resurgence.