Fed officials saw need for rate hike if inflation doesn't cool, minutes show
The Federal Reserve on Wednesday released minutes from its July 28-29 policy meeting.
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The Federal Reserve has maintained its benchmark interest rate, despite ongoing high inflation. This decision reflects the central bank's continued focus on addressing inflationary pressures.
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The Federal Reserve on Wednesday released minutes from its July 28-29 policy meeting.
Minutes from the Federal Reserve’s July gathering showed broadening support for higher borrowing costs to stamp out lingering price pressures.
The minutes make clear that Federal Reserve officials remained divided over the inflation outlook.
Interest rates, now sitting at about 3.5-3.7%, expected to go up if inflation doesn’t come down to Fed’s 2% target The US treasury is doubling its buyback of government debt in an effort to balance out the bond market as officials at the US Federal Reserve remain divided over how to deal with high inflation. The yield rate on 10-year, 20-year and 30-year treasury notes all hit 20-year highs this week, with the 30-year treasury yield rising to its highest rate since 2007. The rapid rise was concerning news for borrowers as major loans, including mortgages, are backed by treasuries. Continue reading...
The Federal Reserve left its benchmark interest rate unchanged Wednesday. Fed policymakers say they remain committed to curbing stubborn inflation.
Two months after he was blocked by the Supreme Court, President Donald Trump has resumed his effort to oust Federal Reserve governor Lisa Cook as part of an effort to stack the central bank’s board with more allies.
One thing the Federal Reserve could always count on to keep inflation low was falling prices for computers, cell phones and other high-tech stuff — but not anymore.
Fed officials held interest rates steady, but they have splintered over how to fight inflation.
Kevin M. Warsh, who will preside over his second meeting as chairman of the central bank, faces pressure to raise interest rates as inflation remains elevated.
The Trump administration, rebuffed by the Supreme Court in its first attempt to fire Lisa D. Cook, sent the Federal Reserve governor a letter saying it was “considering” removing her from the job.