Fed keeps rates unchanged as inflation stays stubborn amid energy shocks
TL;DR Summary
The Federal Reserve kept the policy rate at 3.50–3.75% in its second decision under Chair Kevin Warsh, citing inflation that remains elevated due to supply shocks including higher energy costs amid US–Iran tensions; with forward guidance pared back, markets fell on the decision as investors weigh future moves, even as June CPI fell 0.4% and annual inflation sits around 3.5%.
- US Fed holds interest rates steady, citing ‘elevated’ inflation aljazeera.com
- Divided Fed holds interest rates steady, but three members voted to hike cnbc.com
- Warsh’s Performance Falls Flat With Markets as Fed Holds Rates Steady The New York Times
- Fed’s Warsh Rebuked by Investors Craving a Real Inflation Fight Bloomberg.com
- Fed's 'hawkish hold' muddies path for stocks and bonds Reuters
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