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Fed hikes rates, sees more tightening in search of 'timelier' drop in inflation

Fed hikes rates, sees more tightening in search of 'timelier' drop in inflation

By Howard Schneider WASHINGTON, Sept 16 (Reuters) - The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new U.S. central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump
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Warsh likely to side with financial markets over Trump as Fed rate hike expected

Warsh likely to side with financial markets over Trump as Fed rate hike expected

Barely four months into the job, Federal Reserve Chair Kevin Warsh is stuck between two strong but opposing forces: Financial markets that anticipate the central bank will raise interest rates, and President Donald Trump, who wants the Fed to cut them or leave them unchanged
ReutersReuters
Warsh's words may matter more than the anticipated Fed rate hike

Warsh's words may matter more than the anticipated Fed rate hike

By Howard Schneider WASHINGTON, Sept 16 (Reuters) - The Federal Reserve is expected on Wednesday to hike interest rates for the first time since 2023, a decision driven by stubbornly high inflation and a global rise in borrowing costs that will heighten scrutiny of how U.S. central bank chief Kevin
AP NewsAP News
Federal Reserve is expected to raise its benchmark rate, defying Trump's demands

Federal Reserve is expected to raise its benchmark rate, defying Trump's demands

The Federal Reserve is widely expected to lift its short-term interest rate Wednesday for the first time in three years to fight stubbornly high inflation, a move that would put the central bank at odds with President Donald Trump’s demands
ReutersReuters
Dollar gains as oil lifts yields and Fed hike looms

Dollar gains as oil lifts yields and Fed hike looms

By Saqib Iqbal Ahmed NEW YORK, Sept 15 (Reuters) - The dollar was firmer across the board on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will hike interest rates this week.
ReutersReuters
Dollar higher as oil lifts yields and Fed hike looms

Dollar higher as oil lifts yields and Fed hike looms

By Saqib Iqbal Ahmed NEW YORK, Sept 15 (Reuters) - The dollar edged up against most major currencies on Tuesday as surging oil prices lifted Treasury yields and reinforced expectations that the Federal Reserve will hike interest rates this week.
ReutersReuters
Fed hikes rates in search of 'timelier' drop in inflation, sees more tightening ahead

Fed hikes rates in search of 'timelier' drop in inflation, sees more tightening ahead

By Howard Schneider WASHINGTON, Sept 16 (Reuters) - The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new U.S. central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump
ReutersReuters
Morning Bid: Trump says hit that brake; no, not that one

Morning Bid: Trump says hit that brake; no, not that one

TOKYO, Sept 15 (Reuters) - A look at the day ahead in European and global markets from Satoshi Sugiyama. U.S.
AP NewsAP News
Fed rate hike will likely push borrowing costs on credit cards, mortgages -- but benefit savers

Fed rate hike will likely push borrowing costs on credit cards, mortgages -- but benefit savers

The Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers
ReutersReuters
Robust US retail sales underscore economy's resilience; inflation pressures building

Robust US retail sales underscore economy's resilience; inflation pressures building

By Lucia Mutikani WASHINGTON, Sept 16 (Reuters) - U.S. retail sales rebounded sharply in August as households boosted purchases of a range of goods while also spending more at restaurants and bars, reinforcing the economy's resilience even as consumers grow more anxious about high inflation.
ReutersReuters
Morning Bid: A time to hike?

Morning Bid: A time to hike?

By Anna Szymanski Sept 16 (Reuters) - An unsettled few days set the scene for the week's main event: the Federal Reserve's policy decision.
ReutersReuters
Fed hikes rates, sees more tightening in search of 'timelier' drop in inflation

Fed hikes rates, sees more tightening in search of 'timelier' drop in inflation

By Howard Schneider WASHINGTON, Sept 16 (Reuters) - The Federal Reserve raised interest rates on Wednesday and flagged further increases in borrowing costs in coming months, with new U.S. central bank chief Kevin Warsh joining a unanimous decision that effectively acknowledges the Trump