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'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,…...
Fact Check Team: Why one inflation report can move Wall Street
4+ week, 2+ day ago (615+ words) WASHINGTON (TNND) — The latest inflation report is out — and while the numbers may seem like just another set of economic statistics, they can have an immediate impact on Wall Street, interest-rate expectations and, eventually, borrowing costs for Americans. The report…...
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…...
Fed holds rates steady at 3.5% to 3.75% as White House urges cuts, hike talk grows
1+ mon, 2+ week ago (362+ words) WASHINGTON (TNND) — The Federal Reserve held interest rates steady, keeping its benchmark rate in a range of 3.5% to 3.75% as inflation remains elevated and global conflict continues to fuel uncertainty. “The economy is showing impressive resilience even with recent shocks; the…...
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…...
Despite frustration over high prices, Federal Reserve is expected to keep rates unchanged -- for now
1+ mon, 2+ week ago (653+ words) WASHINGTON – Federal Reserve policymakers are losing patience with inflation, but they may not be ready to turn their frustration into action -- not this week anyway. Meeting in Washington Tuesday and Wednesday, the Fed is expected to keep its benchmark interest…...
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…...
Warsh to say Fed has 'no tolerance' for high inflation but provides no hints on next move
1+ mon, 4+ week ago (411+ words) Fed policymakers “have no tolerance for persistently elevated inflation,” Warsh will say when he testifies at 10 a.m. Eastern before a House committee. “And we share a resolute commitment to restoring price stability.” Yet about half of the 19 members of…...
Warsh says Fed has 'no tolerance' for high inflation but provides no hints on next move
1+ mon, 4+ week ago (361+ words) WASHINGTON – Federal Reserve Chair Kevin Warsh pledged to make high inflation “a thing of the past” in his first congressional testimony Tuesday, yet provided no signal about the central bank's next steps. Fed policymakers “have no tolerance for persistently elevated…...