Cleveland Federal Reserve President Beth Hammack delivered a hawkish message Monday, suggesting the Federal Reserve may need to continue raising interest rates to bring inflation back to its 2% target. Why it matters: While Hammack did not explicitly endorse another ...
The minutes from the Federal Reserve’s September meeting were decidedly hawkish, with policymakers showing considerably more concern about inflation than about the labor market—and most officials expecting rates will need to rise again this year. The big one: “Most participants” ...
Federal Reserve officials continued their hawkish messaging Monday, signaling that last week’s rate hike may not be the end of the tightening cycle as policymakers become increasingly concerned that inflation is being driven by both supply shocks and strong demand. ...
The Federal Reserve raised interest rates Wednesday for the first time since 2023, officially reversing course as policymakers respond to inflation that has remained stubbornly above their 2% target. Why it matters: The Federal Open Market Committee voted unanimously to ...
Goldman Sachs now expects the Federal Reserve to raise interest rates by 25 basis points at this week’s meeting, reversing its previous forecast that the Fed would remain on hold. Why it matters: The change isn’t necessarily because Goldman suddenly ...
New York Federal Reserve President John Williams says the recent surge in interest rates is being driven largely by the strength of the U.S. economy, not rising fears about inflation. Why it matters: Bond yields have climbed sharply in recent ...
Federal Reserve officials offered a range of views on inflation and interest rates Thursday, setting the stage for Chair Kevin Warsh’s highly anticipated Jackson Hole speech on Friday. Why it matters: Inflation remains above the Fed’s 2% target, but policymakers ...
Treasury Secretary Scott Bessent’s announcement on new sanctions against Iran could move markets Monday, but bond traders are already looking ahead to an arguably bigger event: Federal Reserve Chair Kevin Warsh’s speech at Jackson Hole. Why it matters: Markets remain ...
Inflation concerns deepened inside the Federal Reserve last month, with minutes from the July meeting showing several policymakers were prepared to raise interest rates immediately and many more believed a hike could eventually be necessary. Why it matters: The Fed ...
Treasury Secretary Scott Bessent took a break from discussing Japan’s currency intervention and negotiations with Iran to publicly criticize one of the country’s best-known Federal Reserve reporters. Why it matters: The unusual social media attack highlights growing tensions between senior ...