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News
Warsh raises stakes for Fed's next meeting and other takeaways from Jackson Hole conference
2+ week, 3+ hour ago (955+ words) In doing so, Warsh has put more pressure on the central bank to increase interest rates when it next meets in mid-September if inflation doesn't improve. The government's next price report, to be released just days before the meeting, could…...
All eyes on Fed Chair Warsh during the central bank’s annual conclave in Jackson Hole
2+ week, 1+ day ago (488+ words) WASHINGTON – New Federal Reserve Chair Kevin Warsh has sought a lower profile than his predecessors, yet his speech Friday at the central bank's annual conclave in Jackson Hole will be one of the most closely watched in years. When Warsh…...
'Many' Fed officials think higher rates will be needed if inflation stays high
3+ week, 3+ day ago (430+ words) WASHINGTON – Many Federal Reserve officials think the central bank will have to lift its key short-term interest rate in the coming months if inflation doesn't subside, minutes of the Fed's meeting last month showed. The minutes of the July 28-29 meeting,…...
Wholesale price inflation slows last month as gas, food costs fall
4+ week, 2+ day ago (174+ words) Wholesale inflation dropped last month as gas prices reversed some of their Iran war spike and other costs also cooled, a sign that consumer inflation could grind lower in the months ahead. WASHINGTON – Wholesale inflation dropped last month as gas…...
Inflation cooled last month as gas prices fell, though costs remain elevated
1+ mon, 11+ hour ago (695+ words) Consumer prices rose 3.4% in July from a year ago, down slightly from 3.5% in June, the Labor Department said Wednesday. But inflation is still higher than before the Iran war began in February, when it was 2.4%. On a monthly basis, prices…...
US dollar weakens sharply against the Japanese yen after market interventions
1+ mon, 1+ week ago (226+ words) TOKYO – The U.S. dollar weakened sharply Monday against the Japanese yen after U.S. President Donald Trump and Japan’s finance minister confirmed both sides had intervened in markets. Before late last week, the dollar was trading above 163 yen, touching 40-year highs....
Pressure builds inside Fed for another rate increase
1+ mon, 1+ week ago (807+ words) WASHINGTON (TNND) — Calls for another interest rate increase are growing within the Federal Reserve as officials weigh renewed inflation risks from the Middle East conflict after more than five consecutive years of above-target inflation. The mounting uncertainty has exposed a…...
Interest Rates Hold Steady | News Radio 1200 WOAI
1+ mon, 2+ week ago (185+ words) As expected, The Federal Reserve (FOMC) opted to hold rates steady by a 9–3 vote. But there appears to be growing dissent and talk of a future rate hike. The Committee decided to maintain the target range for the federal funds…...
Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation
1+ mon, 2+ week ago (767+ words) WASHINGTON – The Federal Reserve is expected to keep its key interest rate unchanged when it meets Tuesday and Wednesday, but chair Kevin Warsh is under increasing pressure to hike rates soon, a move that could provoke ire from President Donald…...
Fed chair Warsh sidesteps Senate questions on inflation, AI, contact with Trump
1+ mon, 4+ week ago (575+ words) WASHINGTON – Federal Reserve Chair Kevin Warsh on Wednesday sought to evade a range of questions from senators on issues such as the impact of AI on inflation, what contacts he has had with President Donald Trump, and how the central…...