The rate-setting Federal Open Market Committee voted 11-1 to keep the benchmark federal funds rate in the 3.5 per cent to 3.75 per cent range.
An advance of the greenback against all major currencies trimmed its January slide. Long-term Treasuries underperformed
Kevin Warsh is currently a Shepard Family Distinguished Visiting Fellow in Economics at Stanford University's Hoover Institution and a visiting scholar at Stanford Graduate School of Business.
The Fed kept borrowing costs on hold Wednesday, a decision that rankled Trump
Powell, who has also characterized an investigation of the Fed by Trump's Justice Department of Justice as politically motivated, declined to comment on remarks by Treasury Secretary Scott Bessent criticizing his attendance at the hearing.
In its policy meeting on January 28, the US central bank held interest rates steady, defying President Donald Trump’s repeated calls for sharp cuts.
A key issue that Chair Jerome Powell will likely address at his news conference Wednesday is how long the Fed will remain on hold.
The US Federal Reserve held interest rates steady at its first policy gathering this year, citing robust economic growth, as the central bank resists Donald Trump's mounting pressure for cuts.
Jerome Powell’s post-meeting press conference will be his first public encounter with reporters since he was served grand jury subpoenas related to a Department of Justice investigation
Trump’s interview Thursday with Rieder went well, the people said, speaking on condition of anonymity to discuss the private deliberations
Trump justified his repeated outbursts against the central bank and its chief, saying 'a president should have something to say' about Fed policy
For investors, the escalation sets the stage for heightened market volatility given the potential impact for long-term monetary policy
Spot gold jumped 1.3% to $4,566.80 per ounce by 0410 GMT. Bullion hit a record high of $4,600.33 earlier in the day
The core consumer price index, which excludes the often-volatile food and energy categories, increased 2.6% in November, according to Bureau of Labor Statistics data out Thursday
The Fed Chair warned of rising labour-market risks even as tariff-driven inflation persists, defining the need to balance price stability with protecting jobs and real wages.
While the quarter-point reduction in the policy interest rate is widely anticipated, some analysts anticipate a “hawkish cut”, where the US Fed lowers rates today but hints that the pace of easing may slow from here.
A new set of economic projections will likely show continued division among policymakers
The Fed delivered a second straight reduction in October driven by the summer’s sudden deterioration in the US labor market
Donald Trump nears decision on Jerome Powell’s successor as White House narrows shortlist to five candidates, amid rate-cut pressures, market sensitivity and concerns over political influence on US monetary policy.
Donald Trump said he has “some very good people” under consideration to succeed Powell and hinted that “some surprising names” are in the mix, although he may ultimately “go the standard way.”
Domestic conditions support another rate cut by the RBI. For markets to wear a bigger smile, however, much depends on this one source of funds delivering the goods
Outperformance of Indian equities on the cards, but USD/INR may remain rangebound
Trump himself told reporters that he expected to make a decision on the nominee before the end of the year
Shares in Japan, South Korea and Australia all rose at the open after Fed Chair Powell’s concerns about a weakening labor market reinforced investors’ expectations for a rate cut in October