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28 stories from Planck Standard. Latest: November 10, 2026.
Core inflation held at 0.3% for a third straight month, and Fed Governor Christopher Waller said policymakers should consider a half-point increase when they meet Dec. 8-9.
Her term ran to October 2027, but months of speculation preceded the exit, which comes as the ECB hikes rates against an oil-price shock tied to the Iran war.
WatchThe central bank paused less than a week before the midterms, but inflation at 3.7% and a split committee point toward a December increase.
Markets price an 88% chance of a hold and a 71% chance of a second hike in December, as gas above $4 keeps prices climbing.
WatchThe chairman Trump picked to cut rates instead delivered the hike the president spent two weeks lobbying against. The Fed now sees inflation at 3.7% this year and does not expect to hit 2% until 2029.
Kevin Warsh never used the word 'hike.' Economists heard one anyway, with unemployment at 4.1% and underlying inflation refusing to improve.
The second straight month of cooling brings the annual rate down from a 4.2% peak in May. But energy prices remain the reason it is not lower, and July's job losses have complicated the Fed's September decision.
A July payrolls report that came in more than 100,000 jobs below expectations convinced traders the Federal Reserve is done raising rates. The Nasdaq gained 4.86% on the week — the strongest five days for major indexes since mid-April.
In Kevin Warsh's first meeting as chair, the Federal Reserve left its benchmark rate unchanged and erased its projected 2026 cut, with some officials now signaling a hike could come as soon as October.
In Kevin Warsh's first meeting as Federal Reserve chair, policymakers kept the benchmark rate at 3.5% to 3.75% but dropped their bias toward cuts, with nine of 18 officials now projecting a rate increase before year's end.
Borrowers who enroll in automatic payments will get a full percentage point shaved off their interest rate from July 1 through mid-2028, up from the usual quarter point.
Hand-picked by Trump to slash borrowing costs, Warsh chairs his debut FOMC meeting next week as markets bet on no cut and consumer prices climb to 3.8%.
With energy prices climbing on the Gulf crisis and the labor market holding steady, Cleveland Fed President Beth Hammack signaled the central bank may soon need to tighten rather than cut.
S&P 500 falls more than 2.6% in its worst single-day drop of 2026, ending nine consecutive weeks of gains as investors worry about Federal Reserve action.
New Federal Reserve chair takes control of world's most influential central bank amid mounting economic pressures and political expectations.
New Fed chairman takes control of world's most influential central bank, but prospects for interest rate reductions appear increasingly unlikely.
The economic backdrop that the new Fed chair inherits does not call for the interest rate cuts that President Trump wants.
Continued military conflict in Middle East drives rates higher as investors seek safety in government bonds.
WatchOnly Sen. John Fetterman crossed the aisle as the Senate installed Trump's pick in the closest Fed chair vote in modern history. Warsh chairs his first FOMC meeting June 16-17.
Sales barely moved as mortgage rates shot higher in March and uncertainty over the Iran war continues to affect consumer confidence.
The third pause this year reflects a central bank squeezed between Trump's tariffs, $4.23-a-gallon gas, and political pressure from a successor headed for confirmation. Powell exits May 15.
WatchIn a Fox Business interview, President Trump declared he will fire Jerome Powell if the Fed chair does not step down when his term expires next month — setting up a constitutional showdown over the independence of the Federal Reserve.
The Consumer Price Index rose 0.3% for the month and 2.8% year-over-year, with core inflation running at 3.1% — the 22nd straight month above the Fed's 2% target.
Minutes from the Federal Reserve March meeting reveal that multiple officials raised the possibility of raising interest rates rather than cutting them, as tariffs and Middle East energy prices push inflation higher.
Fed officials express concern about inflation pressures from Middle East conflict, putting monetary policy changes on hold.
Futures markets now assign a 52 percent probability to a Federal Reserve rate hike by year-end — the first time that probability has crossed 50 percent — as oil shock from the Iran war collides with existing tariff inflation.
Policymakers face a delicate balancing act between rising energy costs and softening economic data
A narrow 5-4 vote reveals deep divisions on the RBA board as Australia faces its first consecutive rate increases since mid-2023