Fed Minutes Show Majority of FOMC Saw Inflation
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Minutes from the Fed's July policy meeting revealed policymakers prioritized tariff-driven inflation risks over labor market concerns when keeping interest rates unchanged.
The two Federal Reserve policymakers who dissented against the U.S. central bank decision's to leave interest rates unchanged last month appear not to have been joined by other policymakers in voicing support for lowering rates at that meeting,
Almost all” officials backed July’s interest-rate decision, even though two governors backed a rate cut, according to a meeting summary.
Fed rate cuts are unlikely to lower borrowing costs for American homebuyers, according to one CIO. Mortgage rates and home prices remain elevated.
The Federal Reserve is conducting technical research on the latest innovations, including tokenization, smart contracts, and artificial intelligence (AI) in payments, Governor Christopher Waller said at the Wyoming Blockchain Symposium on Aug. 20. This is a developing story.
Minutes from the Federal Reserve’s July meeting showed policymakers grappling with a slowing labor market and inflation that remains above the central bank’s target.
Stocks finished mixed on Wednesday, with the Dow Jones Industrial Average securing a back-to-back gain and the S&P 500 dropping for a fourth consecutive day, after the Federal Reserve's most recent [m
The move comes as the administration continues to wage war against the Central Bank and its chair Jerome Powell.