Read more at The Guardian.
US Federal Reserve holds interest rates steady as inflation ticks up
Fed announces it will keep interest rates at 5.25% to 5.5% as rate of inflation remains above target of 2%
The Federal Reserve announced on Wednesday that it is holding interest rates steady at 5.25% to 5.5%, their highest level in two decades, as inflation continues to dog the US economy.
Though some had hoped the Fed would soon cut interest rates, which are at their highest level since 2007, the annual rate of inflation has stubbornly remained above 3%. The Fed’s target rate is 2%.
Continue reading...Date: | |
Tag: | Federal Reserve |
Topics
Sort by
Filter
Date
Items per page
-
Fed Chair Jerome Powell says inflation has been higher than thought and expects rates to hold steady
Federal Reserve Chair Jerome Powell reiterated Tuesday that inflation is falling more slowly than expected and will keep the central bank on hold for an extended period.NBC News - Top stories - Federal Reserve -
Fed Chair Powell says inflation has been higher than thought, expects rates to hold steady
Speaking to the Foreign Bankers' Association, the central bank leader noted that the rapid disinflation that happened in 2023 has slowed considerably this year.CNBC - Business - Federal Reserve -
Inflation eases to 3.4% in boost for the Federal Reserve
The Federal Reserve wants to see more progress in quelling inflation before cutting interest rates.CBS News - Top stories - Federal Reserve -
Fed’s Powell hints interest rates will stay high as US inflation lingers
Central bank chair says economy performing well but cites ‘lack of progress’ on price pressuresFinancial Times - Business - Federal Reserve -
China's Central Bank Holds Key Policy Rates Steady
The People’s Bank of China held key policy rates steady, a move that could preface a hold on benchmark lending rates later this month.The Wall Street Journal - World - China -
Latest US inflation report may provide clues to future path of prices and interest rates
It’s perhaps the biggest question swirling around the U.S. economy right now: Is inflation stuck at an elevated level — or will last year’s steady decline resume sometime soonABC News - Top stories -
Malaysia won't use interest rates to prop up the ringgit, says central bank deputy chief
Bank Negara's Adnan Zaylani Mohamad Zahid said the country's monetary policy decisions will be determined by economic growth and the inflation outlook.CNBC - Business -
Will High Interest Rates Curb Inflation? The Fed Will Wait and See
While consumers clamor for rate cuts, the central bank leadership is prepared to hang on until inflation stops climbing.Inc. - Business - Federal Reserve -
Federal student loan interest rates highest in more than a decade
The Department of Education announced Tuesday that federal student loan interest rates for the 2024-2025 school year hit 6.53 percent, up from 5.5 percent the previous year. Higher education expert Mark Kantrowitz told CNBC the new undergraduate ...The Hill - Politics -
Education Dept. announces highest federal student loan interest rate in more than a decade
The U.S. Department of Education announced Tuesday the interest rates on federal student loans for the 2024-2025 academic year.CNBC - Business
More from The Guardian
-
Russia-Ukraine war live: Blinken announces $2bn in aid as Russia claims to have taken more settlements and Zelenskiy cancels trips
US secretary of state says ammunition, armoured vehicles and missiles will be rushed to frontline as Moscow says it has captured more territory. Here are some of the latest images from the newswires:. Ukrainian presidential adviser Mykhailo ...The Guardian - World - Russia -
Revealed: Rwanda genocide war crimes tribunal wraps up mission after 29 years
Exclusive: Last two fugitives are deemed to be dead, ending a remarkable exercise in international justice. The war crimes tribunal for Rwanda has accounted for the last remaining fugitives indicted for genocide, bringing to an end the court’s ...The Guardian - World -
Nato calls Georgia’s ‘foreign agents’ bill ‘step in wrong direction’ after mass protests in Tbilisi – Europe live
Nato says controversial bill takes Georgia further away from Europe and urges country to change direction and accept peaceful protest. Georgia ‘returning to the past’ with foreign agents law, says presidentSalome Zourabichvili, Georgia’s ...The Guardian - World -
Gina Rinehart demands National Gallery of Australia remove her portrait
NGA rebuffs efforts by billionaire to take down painting by award-winning artist Vincent Namatjira. Get our morning and afternoon news emails, free app or daily news podcastThe mining billionaire Gina Rinehart has demanded the National Gallery of ...The Guardian - World - Australia -
No internet, no phone: Canada wildfires expose fragility of rural infrastructure
Remote communities suffer total loss of communications after fires damage critical fibre optic cables. Shortly before sunset on Friday, residents of Canada’s Yukon territory discovered their connection to the outside world had vanished. Internet ...The Guardian - World