The U.S. Federal Reserve, led by Chairman Kevin Warsh in his second meeting, held its benchmark overnight interest rate unchanged on Wednesday amid elevated inflation. The decision comes as mounting Iran tensions threaten to raise energy prices further, despite President Trump's renewed calls for rate cuts.
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The Federal Reserve is expected to keep its overnight rate unchanged at the conclusion of its July meeting.
Policymakers at the Federal Reserve are meeting to discuss interest rates Wednesday. They're expected to hold rates steady, but there's a chance they could raise rates to combat stubborn 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 US Federal Reserve is likely to hold rates steady at its meeting today, but the path ahead looks unclear as concerns bubble over stubborn levels of inflation.
The Federal Reserve is widely expected to leave interest rates unchanged, but some believe inflation warrants a rate hike. CBS News' Kelly O'Grady has more.
The Federal Reserve is set to consider whether to raise interest rates amid stubborn inflation pressures and oil price volatility. CBS News contributor J.D. Durkin has more.
Live Updates: Federal Reserve to Make a Close Call on Interest Rates www.nytimes.com/live/2026/07... Kevin M. Warsh, after his second meeting as the Fed’s chairman, will explain how officials are thinking about persistent inflation and a resilient job market.
I will be flabbergasted if they raise rates. Warsh has one job: appease Trump. www.nytimes.com/live/2026/07... Kevin M. Warsh, after his second meeting as the Fed’s chairman, will explain how officials are thinking about persistent inflation and a resilient job market.
The US Federal Reserve, which began its two-day policy meeting on Tuesday, was widely expected to leave its benchmark interest rate unchanged.
The Federal Reserve held interest rates steady for a fifth straight time Wednesday amid mounting pressure on the bank to stay ahead of another war-driven energy price shock. In a 9-3 decision, the Federal Open Market Committee (FOMC) maintained its baseline interest rate at a range of 3.5 percent to 3.75 percent. It marked the...
Rates remain unchanged for fifth time since December as tenuous Iran peace deal pushes energy prices up again The US Federal Reserve held interest rates steady on Wednesday, leaving rates unchanged for the fifth time since December despite Donald Trump’s renewed calls to lower rates. Cooler inflation data published earlier this month eased expectations for an imminent rate hike. But the tenuous pe
The Federal Reserve left its interest rate target unchanged Wednesday amid significant internal dissent from officials who preferred to raise rates. The big picture: The central bank elected not to surprise markets with an interest rate hike, contrary to rampant speculation on Wall Street in recent days. But three members of the policy-setting Federal Open Market Committee did favor raising the co
Fed holds interest rates steady as pressure builds for a hike www.washingtonpost.com/business/202... The Federal Reserve left interest rates unchanged Wednesday, holding off on an increase to fight inflation even as President Donald Trump presses for cuts.
www.nytimes.com/live/2026/07... Kevin M. Warsh, in his second news conference as the Federal Reserve’s chairman, will explain how officials are thinking about persistent inflation and a resilient job market.
The Federal Reserve held interest rates steady on Wednesday, a choice that may intensify questions about how US central bank chief Kevin Warsh will deliver on his commitment to bring inflation back down to the 2 per cent target. The widely expected decision to leave the benchmark interest rate in the 3.50 per cent to 3.75 per cent range drew dissents from three of the 12 members of the policy-set
Excellent. Let's continue ignoring the policies that make everything more expensive and blame the economist who is closest to the podium. www.nytimes.com/live/2026/07... Kevin M. Warsh explains to reporters how bank officials plan to address persistent inflation pressures.
Federal Reserve Holds Benchmark Interest Rate At 3.50%–3.75% - Englebrook Independent News englebrookindependentnews.com/2026/07/29/f... Federal Open Market Committee Votes 9-3 To Maintain Benchmark Policy Range As Inflation Remains Elevated; Chairman Kevin Warsh Says Future Policy Decisions Will Remain Data-Dependent Ahead Of Septembe...
Oil prices are back to jumping as Middle East tensions escalate, while the Federal Reserve kept interest rates on hold, with three of the central bank’s rate-setting committee dissenting.
The Federal Reserve left its key interest rate unchanged Wednesday, although three officials dissented in favor of higher rates as the central bank wrestles with how to deal with persistently high inflation.
Amid energy price spikes caused by the Iran war and persistently high inflation, the Federal Reserve decided on Wednesday to hold interest rates steady for the fifth straight time. CBS News MoneyWatch correspondent Kelly O'Grady reports.
My take on the three Fed dissents. Inflation is becoming a norm, not an anomaly. That is a problem for the Federal Reserve. Warsh has argued it is a choice - time to choose to derail it. www.linkedin.com/pulse/warshs... Three dissents at his second meeting. The Federal Open Market Committee (FOMC) – the policy-setting arm of the Federal Reserve – voted to hold interest rates unchanged in July.
Investors had a selloff Wednesday with the Dow closing down 1,000 points amid the Federal Reserve's decision to keep interest rates flat. CBS News' Richard Escobedo breaks it down.
SEOUL, July 30 (Yonhap) -- The U.S. Federal Reserve s decision to leave interest...
Federal Reserve Chairman Kevin Warsh has said the decision to leave interest rates unchanged wasn't a sign of inertia at the central bank, which is committed to tackling inflation. Brown University Professor of International Economics Sebnem Kalemli-Ozcan breaks down how markets are interpreting the signals. (Source: Bloomberg)
The Fed kept interest rates unchanged in a target range of 3.50% to 3.75%, but the vote drew three dissents from the 12-member panel.
Bank’s chair pledges to keep up fight against inflation but decision brings fears of a failure to keep pace US government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears that the central bank may not move fast enough to tame a rise in inflation. The yield – or interest rate – on the 30-year US Treasury bond
The Federal Reserve held interest rates steady for a fifth consecutive meeting, but borrowers may not be in the clear yet.
The Federal Reserve on Wednesday chose to hold interest rates steady, though three officials voted for a hike. Kelly O'Grady explains what this means for consumers and if a rate hike could come later this year.
Wall Street saw its roughest day of 2026 as Federal Reserve chair Kevin Warsh announced that interest rates would remain the same, despite some dissent within the Federal Open Market Committee. CBS News' Kelly O'Grady explains more.
White House National Economic Council Director Kevin Hassett says he has full confidence in Federal Reserve Chairman Kevin Warsh after the central bank decided to keep rates unchanged. Speaking on "Bloomberg Open Interest," Hassett also weighs in on current inflation levels and says he doesn't see markets in bubble territory because of AI. (Source: Bloomberg)
Can somebody tell me how upping the UK interest rate will have any effect whatsover on the inflationary pressures of the blockade of The Strait of Hormuz. You can't bring down the cost of energy with monetary policy. "The Bank of England held bank rate steady at 3.75% on Thursday, but three of its nine rate-setting members said it should have tightened monetary policy to combat inflation from the