US Federal Reserve rate decision

US Federal Reserve meet today: Kevin Warsh-led FOMC keeps interest rates unchanged

The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchanged.

US Federal Reserve keeps rates steady

US Fed chair Kevin Warsh says this after holding rates steady

US Federal Reserve Chairman Kevin Warsh said he is fully committed to delivering price stability amid high inflation stoked by the escalating Iran war. Not giving any forward outlook or deeper insight into the FOMC policy, he said he had full confidence in the board despite the dissents to deliver the remit of reining in inflation.Reiterating that the committee was committed to delivering the 2% target, Warsh noted that there was perhaps a misimpression among market participants and households and businesses that despite setting the inflation target at 2%, the Fed was more tolerable to higher

US stocks: US market closes down sharply after Fed holds rates unchanged

The Fed's widely expected decision to leave the benchmark interest rate in the 3.50%-3.75% range drew dissents from three of the 12 members of the policy-setting Federal Open Market Committee ‌who "preferred" a quarter-percentage-point ⁠hike at this ⁠meeting. The benchmark S&P 500 hit its lowest level in a month, while the tech-heavy Nasdaq was down about 9% from its June record high. Investors had mostly expected the Fed to keep rates unchanged. Inflation has been running above the central bank's target for more than five years, and up until last month it was accelerating as the war in th

Trump stands by Warsh despite Fed's rate hold

Trump's push for lower rates faces setback

US President Donald Trump's promise of lower interest rates has come under increasing pressure as Treasury yields and borrowing costs continue to rise, complicating the administration's efforts to project economic strength ahead of the November midterm elections.Despite months of public calls for the Federal Reserve to reduce policy rates, financial markets have moved in the opposite direction. Long-term Treasury yields have climbed to multi-year highs, pushing up borrowing costs for households, businesses and the federal government, even as the White House maintains that the economy remains o

FPI inflows into Indian G-Secs dry up as US rate hike looms

Mumbai: Market participants are closely watching foreign portfolio investor (FPI) activity in fully accessible route (FAR) securities as some investors, who had bought into them in anticipation of their inclusion in the Bloomberg global bond gauge, are expected to lighten positions accumulated over the past two months.Inflows into Indian debt have already tapered over the past two weeks, with the daily average inflow in July being just about ₹300 crore. In June, the daily average FPI inflow in debt was 10 times more-at nearly ₹3,000 crore. On a monthly basis, FPIs invested ₹41,774 crore in Jun

Fed’s Austan Goolsbee says inflation is the biggest problem on Fed rate signal

Chicago Fed President Austan Goolsbee said high inflation concerned him more than labour-market weakness, signalling what appears to be his support for Fed rate hike.“The biggest problem facing our economy right now is not the collapse of industry and the collapse of jobs; it’s that prices have been rising too fast. We got an inflation problem, and people hate inflation,” Goolsbee said in a Wired video published on Tuesday and recorded on June 22.Citing indicators such as unemployment, hiring and layoffs, he described the labour market as “stable, without being good.”However, it remains unclea

‘We’re the best credit’: Trump fumes after 1st Fed rate hike in over 3 yrs

The Federal Reserve has set a new target range by increasing its benchmark interest rate, marking its first hike since 2023. President Donald Trump has called for a substantial reduction in interest rates, advocating for lower borrowing costs given the country's robust credit status. However, officials have stated that ongoing inflation remains a significant factor driving this adjustment.