Three Fed dissents make near-term rate relief less certain
The Fed held rates at 3.5% to 3.75% on July 29, but three officials favored a hike, complicating the outlook for borrowers before September.
Interest Rates
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Fed Holds Rates Steady as Three Officials Favor an Increase
The Federal Reserve held rates at 3.50% to 3.75%, but three officials wanted an increase as inflation stayed above the central bank’s 2% goal.
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The Fed’s July 28-29 Meeting: What a Rate Decision Could Mean for Borrowers and Savers
The Fed’s July 28-29 meeting is weighing inflation, growth and credit conditions. The July 29 decision could affect borrowing costs, savings yields and markets.
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South Korea Raises Rates as Chip Growth Meets Inflation Risks
South Korea lifted its benchmark rate to 2.75% as semiconductor-led growth strengthens, while inflation, housing prices and household debt pressure policymakers.
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Fed warns inflation is rising again ahead of July rate meeting
The Federal Reserve says inflation accelerated as energy, food and tariff pressures weigh on households before its July 28-29 policy meeting.
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Warsh’s first House hearing spotlights Fed independence and inflation
House Financial Services set Kevin Warsh’s July 14 monetary-policy hearing, putting rates, inflation, and Fed independence in focus.