Federal Reserve holds interest rates steady
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The Fed held interest rates steady, and Kevin Warsh signaled a break from tradition in his first FOMC meeting as chair.
The Fed said economic activity is 'expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East.'
Peter Gratton, Ph.D., is a New Orleans-based editor and professor with over 20 years of experience in investing, economics, and public policy. Peter began covering markets at Multex (Reuters) and has expanded his coverage to include investments, ethics ...
Brazil's central bank cut rates at a third straight meeting on Wednesday and left its next steps open, acknowledging a tougher inflation outlook and risks from election-year fiscal stimulus.
This will be Kevin Warsh's first meeting as Federal Reserve chairman. In his confirmation hearing, Warsh leaned into the possibility of more interest-rate cuts. How will he react when his Fed colleagues appear to be moving away from additional rate cuts due to strong labor-market data and accelerating inflation?
