Some of urgency is gone for a Fed rate hike
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The Federal Reserve remained on the sidelines and left its benchmark for interest rates unchanged on July 29 despite some predictions for a hike.
After one of the most unpredictable meetings in years, the Fed said Wednesday it is keeping interest rates at their current elevated levels.
A sudden slump in hiring has dramatically changed the outlook for the Federal Reserve's September interest rate decision.
The central bank has let the bond market do its heavy lifting when it comes to rates. But a cut is on the horizon if a weak jobs and inflation stir up Wall Street.
The Federal Reserve announced its first rate cut of the year, bringing its key interest rate down to a range of 4% to 4.25%.
Kevin M. Warsh, the Fed’s new chairman, vowed to fight persistent inflation without offering specifics about whether that would include raising rates.
Inflation, oil prices, and tariffs are reshaping expectations this week as FOMC votes whether to cut, hike, or hold interest rates.
JPMorgan economists criticized Fed Chair Kevin Warsh’s recent FOMC performance, saying a lack of forward guidance and shifting inflation targets created uncertainty and destabilized bond markets. Calling the incident the most troubling since 2012,