# Fed gets more divided as three members vote against rate cut

> Three Fed officials dissented in the September vote, with two preferring no cut and one wanting a larger 50-basis-point cut. The decision lowered the fed funds range to 1.75% to 2%, the first time in three years three voting members dissented.

- Date: 2019-09-18 · published 2019-09-18T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/56975-fed-gets-more-divided-as-three-members-vote-against-rate-cut
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

The split vote signals uncertainty about further easing, which can support the dollar and weigh on dollar-priced commodities. The direct effect on feed prices is limited.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2019-09-18 | [A divided Fed reduces rates but may not cut again this year \| AP News](https://feedsoft.ai/events/56970-a-divided-fed-reduces-rates-but-may-not-cut-again-this-year-ap-news.md) | +0.2% | -0.3% |
| DXY | 2024-04-01 | [Fed sees three rate cuts in 2024 but a more shallow easing path](https://feedsoft.ai/events/31391-fed-sees-three-rate-cuts-in-2024-but-a-more-shallow-easing-path.md) | -0.0% | +1.6% |
| DXY | 2023-11-16 | [Dollar steady as U.S. jobless claims boost Fed rate cut bets](https://feedsoft.ai/events/10103-dollar-steady-as-u-s-jobless-claims-boost-fed-rate-cut-bets.md) | -0.3% | -1.2% |
| DXY | 2024-09-18 | [Dollar gains ground after Fed delivers bumper 50 basis point rate cut](https://feedsoft.ai/events/28505-dollar-gains-ground-after-fed-delivers-bumper-50-basis-point-rate-cut.md) | -0.4% | +1.9% |
| DXY | 2023-01-31 | [Local Currency Depreciates Against the Greenback Ahead of Fed’s Meeting (Updated)](https://feedsoft.ai/events/38040-local-currency-depreciates-against-the-greenback-ahead-of-fed-s-meeting-updated.md) | +1.4% | +2.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2019/09/18/fed-gets-more-divided-as-three-members-vote-against-rate-cut.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.