Fed holds interest rates as new Iran tensions raise inflation risks
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…
Watch: Warsh gives remarks as Fed holds interest rates steady
Federal Reserve Chair Kevin Warsh gave remarks Wednesday afternoon after the nation’s central bank decided to hold interest rates steady for the fifth time amid uncertainty around energy prices as…
Dow sinks 1,100 points after Fed holds off on hike
Stocks fell sharply Wednesday as the Federal Reserve held interest rates steady again despite continued inflation pressure. The Dow Jones Industrial Average closed down 1,153.18 points, or 2.19 percent, for…
U.S. Fed holds interest rate despite some dissents as inflation persists
The U.S. 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…
Market moves and ‘a good family fight:’ top takeaways from the July Fed meeting
Kevin Warsh is living up to his hawkish reputation.The Federal Open Market Committee opted to hold rates steady at its July meeting, the second with former Wall Street executive Warsh…