US borrowing costs hit 19-year high as Fed holds interest rates

US borrowing costs hit 19-year high as Fed holds interest rates

Bank’s chair pledges to keep up fight against inflation but decision brings fears of a failure to keep pace Business live – latest updates US government borrowing costs have hit their highest level since 2007 after the Federal Reserve voted to hold its key interest rate steady, feeding fears that the central bank may not move fast enough to tame a rise in inflation. The yield – or interest rate – on the 30-year US Treasury bond rose 14 basis points to nearly 5.24%, a 19-year high, after the Fed announced its decision to hold its main rate at between 3.5% and 3.75% for the fifth meeting in a...

Treasury sell-off continues after divided Fed holds interest rates steady

US keeps interest rates steady: War on Iran raises fears of inflation shock

Fed Chairman Warsh's credibility in question after leaving interest rates unchanged

The Fed held interest rates steady, but long-term Treasury yields jumped. Investors are questioning whether he will act forcefully enough on inflation.

News Wrap: Federal Reserve holds interest rates steady, but some vote for increase

In our news wrap Wednesday, the Federal Reserve held interest rates steady but three Fed officials voted in favor of raising rates amid ongoing inflation concerns and the spike in energy prices due to the Iran war, President Trump unveiled a $22 billion overhaul of Washington Dulles International Airport in his latest effort to remake the region and the earthquake death toll in Japan stands at 18.

Fed holds interest rates steady, but 3 officials vote for hike

Fed officials are leaving their benchmark rate unchanged for a fifth straight meeting, a sign they expect inflation to ease.

US Fed holds interest rates steady, citing ‘elevated’ inflation

Fed Holds Rates Steady but Three Officials Back Increase

Kevin M. Warsh’s second meeting as chairman of the Federal Reserve was colored by internal divisions over the path forward for policy.

Fed holds interest rates steady despite Trump’s renewed calls to lower them

Rates remain unchanged for fifth time since December as tenuous Iran peace deal pushes energy prices up again The US Federal Reserve held interest rates steady on Wednesday in a divided vote, indicating growing pressure on the central bank to address heightened inflation. The Fed’s federal open market committee voted 9-3 to maintain rates, with three dissenting members indicating a preference to raise the rate by a quarter-percentage point. It was the first time in a decade that three board members shared dissent over a policy decision. Continue reading...

Dow Posts Its Worst Day Of The Year After Federal Reserve Maintains Interest Rates

Kevin Warsh, who began his role as chairman of the Federal Reserve in May, said Wednesday officials have “no tolerance for persistently elevated inflation.”

Fed leaves rates steady, with internal dissent

The Federal Reserve left its interest rate target unchanged Wednesday amid significant internal dissent from officials who preferred to raise rates. The big picture: The central bank elected not to surprise markets with an interest rate hike, contrary to rampant speculation on Wall Street in recent days. But three members of the policy-setting Federal Open Market Committee did favor raising the cost of borrowing. Cleveland Fed president Beth Hammack, Minneapolis Fed president Neel Kashkari, and Dallas Fed president Lorie Logan preferred a quarter-point rate hike, with the other nine officia...

Bitcoin, Ethereum Wobble as Fed Holds Rates Steady

Chair Kevin Warsh kept the federal funds rate at 3.5%–3.75% and offered no new signals on when cuts—or hikes—might come.