Divided Fed Holds Rates Steady as Inflation Stays Sticky
TL;DR Summary
Fed left rates unchanged for the fifth straight meeting amid stubborn inflation and internal divisions; three officials had argued for hikes, while markets sold off with stocks down and yields up as Warsh, in his second term as chair, weighs data before any future move (potential September hike).
Topics:business#central-bank-interest-rates#economy#federal-reserve-system#financial-markets#inflation#monetary-policy
- A divided Fed holds interest rates steady despite stubborn inflation The Washington Post
- Fed holds interest rates steady, but 3 officials dissent in favor of a hike Yahoo Finance
- Here's what changed in the second Fed statement under Warsh CNBC
- Federal Reserve holds rates unchanged, but three members voted to hike amid high prices NBC4 Washington
- Wall Street is panicking over Kevin Warsh’s patience Fortune
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