Tag: American economy
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Fed keeps rates unchanged but signals possible hike this year
The Federal Reserve left interest rates unchanged at its first policy meeting under chair Kevin Warsh, but nearly half of policymakers signalled they could support a rate hike later this year as inflation remains elevated.
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Warsh takes the helm: What to watch as the Fed weighs rate decision
The Federal Reserve opens a new chapter on Wednesday as Kevin Warsh chairs his first policy meeting. While interest rates are widely expected to remain unchanged, investors will be hunting for the first clues to how the US central bank’s new leader intends to steer it.
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US inflation reaches 4.2%, clouding Fed rate-cut outlook
Annual inflation accelerated to 4.2% in May, driven largely by higher fuel costs, as rising prices continue to weigh on household budgets and cloud the Federal Reserve’s interest-rate outlook.
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