Tag: Federal Reserve
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Seoul leads Asian stocks higher as US inflation eases rate fears
Asian stocks enjoyed a much-needed rally following a painful selloff in recent weeks as tech firms were battered by concerns over extended valuations and the vast sums invested in artificial intelligence.
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Supreme Court blocks Trump’s attempt to fire Federal Reserve governor Lisa Cook
The decision, seen as a win for central bank independence, sends the fight over removal back to the lower courts.
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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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US Fed set to hold rates steady at Warsh’s first meeting in charge
WASHINGTON: The US Federal Reserve is expected to hold interest rates steady on Wednesday (Jun 17) at Kevin Warsh’s first meeting in charge of the central bank, with rate hikes potentially on the horizon to combat su
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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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Between Trump and a hard place: Fed chair Warsh to lead first rate meeting
WASHINGTON: US Federal Reserve chief Kevin Warsh will chair his first meeting of the central bank’s rate-setting committee next week caught between a rock and a hard place.Inflation is at a three-year high but Warsh still faces unrelenting pressure from the White House to lower interest rates.The bank’
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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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