Waller leaves Fed’s September rate decision unusually open
Mixed August inflation data, Waller’s conditional stance and a prior Fed split leave the September 15-16 decision open, with borrowing costs in focus.
Interest Rates
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Fed faces inflation, fuel and jobs crosscurrents before September meeting
The Fed meets Sept. 15-16 with inflation above target, gasoline prices rising and payrolls still growing, leaving the rate decision uncertain.
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Russia’s Central Bank Pauses Rate Cuts at 14% as Inflation Persists
Russia’s central bank held its key rate at 14% on Sept. 11 after 10 cuts, citing fuel-related costs, elevated expectations and tight labor conditions.
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ECB raises euro-area rates as energy shock lifts inflation
The ECB raised all three key rates on September 10, taking effect September 16, as energy costs lift inflation and pressure mortgages, credit and savings.
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Bank lending data give the Fed another signal as it weighs inflation against growth
Fresh Fed data show credit still expanding unevenly, adding to the debate over inflation, growth and a possible September rate decision.
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Treasury raises quarterly borrowing estimate to $739 billion
Treasury raised its July-to-September borrowing estimate by $68 billion as CBO put the 2026 deficit at $2.1 trillion, with implications for rates.
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Fed Minutes Show Why the Discount Rate Stayed at 3.75%
New Fed minutes show some regional directors sought a 4% discount rate, but the Board kept it at 3.75% as the main policy range also stayed unchanged.
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Australia’s July Inflation Keeps Pressure on Budgets and Rates
Australia’s headline inflation eased in July, but sticky underlying prices, housing costs and higher fuel prices are keeping household budgets and rate risks under pressure.
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ECB Sees Another Rate Hike as Energy and AI Risks Persist
The ECB held rates in July but said another hike may be needed as energy costs, tighter liquidity and AI-related borrowing keep financial risks elevated.
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Fed Chair Warsh keeps September rate hike in play as inflation stays high
Fed Chair Kevin Warsh said inflation remains well above the Fed’s 2% target, keeping a September rate hike possible but far from decided.
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Russia’s Fuel Shock Complicates the Bank of Russia’s Rate Path
A reported gasoline shortfall is testing Russia’s cautious rate policy as fuel costs threaten inflation, logistics, business financing and growth.
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Treasury to double selected long-term bond buybacks Sept. 9
Treasury will raise selected long-term bond buybacks to at least $4 billion per operation beginning Sept. 9, but the move will not reduce federal debt.
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ECB account revives rate-hike pressure as energy risks persist
The ECB says renewed Middle East energy risks could keep euro-area inflation above target into early 2027 as markets price possible rate hikes.
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Bank of England holds rates at 3.75% as energy shock divides policymakers
The Bank of England held rates at 3.75% in a divided 6–3 vote, highlighting disagreement over whether higher energy costs could create lasting wage and price pressures.
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ECB Holds Euro-Area Rates on July 23 as Middle East Energy Shock Threatens to Prolong Inflation
The European Central Bank kept all three key euro-area interest rates unchanged on July 23, 2026, while warning that volatile energy prices linked to the Middle East conflict could continue to fuel inflation.
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U.S. Payrolls Fall by 23,000, Complicating Fed Rate Debate
U.S. nonfarm payroll employment fell by 23,000 in July, while a scheduled inflation report became more important to the Federal Reserve’s policy outlook.
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Fed holds rates steady as officials split over persistent inflation
The Federal Reserve kept its federal funds target at 3.50% to 3.75% after its July meeting, while three officials favored higher rates and inflation remained above the Fed’s 2% target.
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Fed Holds Interest Rates Steady as Inflation and Energy Costs Remain Elevated
The Federal Reserve kept its federal-funds target range at 3.50% to 3.75% after its July meeting, as inflation and energy prices remained high.
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Federal Reserve Says U.S. Inflation Rose to 4.1% Over the Year Through May
The Federal Reserve’s July 2026 Monetary Policy Report said headline PCE inflation accelerated to 4.1% through May, while core inflation reached 3.4% and energy prices rose 24%.
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Weak July Jobs Report Complicates the Federal Reserve’s Path on Interest Rates
U.S. employers cut 23,000 jobs in July, while earlier payroll gains were revised down by 103,000. The Federal Reserve is still awaiting July inflation data.
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July Jobs Report Shows Employers Cut 23,000 Jobs, Complicating Fed’s Inflation Fight
Employers cut 23,000 jobs in July, a weaker-than-expected result that eased expectations of near-term rate increases even as inflation remains above the Federal Reserve’s target.
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U.S. Employers Cut 23,000 Jobs in July, Raising Pressure on the Federal Reserve
U.S. employers unexpectedly shed 23,000 jobs in July, a sharp deterioration that weakened the labor-market outlook and increased expectations that the Federal Reserve could wait before raising interest rates further.