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#Fed Rate Decision#
For the first time since 1993, two Fed members voted against the decision. The interest rate decision was made by a vote of 9 to 2. Two Fed members voted in favor of a 25 basis point cut. Powell: While we haven't made any decisions yet regarding September, investors are no longer certain that the Fed will cut interest rates in October. Expectations for a September rate cut have weakened. Based on recent positions, traders see the probability of a September rate cut as less than 50%.