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Two Fed dissenters say higher interest rates needed to combat inflation

Two Fed dissenters say higher interest rates needed to combat inflation

By Michael S. Derby and Dan Burns July 31 (Reuters) - Two of the three Federal Reserve officials who dissented at this week's policy meeting in favor of an interest rate hike said on Friday that action is needed now to bring inflation back down to the U.S. central bank's 2% target.
Trendline Trendline
Federal Reserve Holds Interest Rates Amid Inflation and Geopolitical Tensions

Federal Reserve Holds Interest Rates Amid Inflation and Geopolitical Tensions

Federal Reserve Holds Interest Rates Amid Inflation and Geopolitical Tensions
AP News AP News
Federal Reserve policymakers vote 9-3 to leave key rate unchanged despite high prices -- for now

Federal Reserve policymakers vote 9-3 to leave key rate unchanged despite high prices -- for now

The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war
Trendline Trendline
Federal Reserve's Decision to Hold Rates Leads to Stock Market Decline

Federal Reserve's Decision to Hold Rates Leads to Stock Market Decline

Federal Reserve's Decision to Hold Rates Leads to Stock Market Decline
Reuters Reuters
Three Fed dissenters say rate hike is needed to curb inflation

Three Fed dissenters say rate hike is needed to curb inflation

By Michael S. Derby and Dan Burns July 31 (Reuters) - Three Federal Reserve officials who dissented at this week's policy meeting in favor of an interest rate hike called on Friday for immediate action to bring inflation back down to the U.S. central bank's 2% target.
AP News AP News
Federal Reserve votes 9-3 to leave key rate unchanged despite persistently high inflation

Federal Reserve votes 9-3 to leave key rate unchanged despite persistently high inflation

The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war
Reuters Reuters
Fed hawks push yields higher, stocks give back gains

Fed hawks push yields higher, stocks give back gains

By Karen Brettell July 31 (Reuters) - Stocks were mixed on Friday, giving back much of their earlier gains, while longer-dated Treasury yields pushed to new multi-year highs, after several Federal Reserve officials argued that further interest rate hikes are needed to combat inflation.
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Federal Reserve Maintains Interest Rates Amidst Dissent from Three FOMC Members

Federal Reserve Maintains Interest Rates Amidst Dissent from Three FOMC Members

Federal Reserve Maintains Interest Rates Amidst Dissent from Three FOMC Members
Reuters Reuters
Wall Street gains on tech earnings; bond yields hit multi-year highs

Wall Street gains on tech earnings; bond yields hit multi-year highs

By Karen Brettell July 31 (Reuters) - U.S. stocks rose on Friday as strong earnings from Amazon and Microsoft drew investors back into the AI trade, while longer-dated Treasury yields hit new multi-year highs on fears that rising oil prices could fuel inflation.
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Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'

Fed leaves interest rate unchanged but with 3 dissents as Warsh praises 'good family fight'

The Federal Reserve left its key interest rate unchanged Wednesday despite persistently high inflation and a spike in energy prices caused by the Iran war
TheStreet TheStreet
BofA says Fed hike today would be one for the books

BofA says Fed hike today would be one for the books

Central banks spend decades building a reputation and can spend the whole thing in a single afternoon. Every institution that manages expectations for a living runs into the same trap. Move too slowly and you look asleep at the wheel. Move without warning and you teach everyone watching that your ...
AP News AP News
Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation

Will tough talk be enough? Fed Chair Warsh faces pressure to combat inflation

The Federal Reserve is expected to keep its key interest rate unchanged when it meets Wednesday, but chair Kevin Warsh is under increasing pressure to hike rates soon, a move that could provoke ire from President Donald Trump, who appointed him