- 5d ago
US Federal Reserve holds rates at 3.5-3.75% for fifth meeting as three officials dissent, backing a hike
The Federal Reserve left its benchmark interest rate unchanged on Wednesday at 3.5-3.75%, extending the pause that began in January. Nine of the twelve FOMC members backed the decision while three voted for a quarter-point increase, breaking the unanimity seen in June.
- Jul 2
Fed Chair Warsh pledges independence, inflation fight, and data reforms at Sintra forum
Federal Reserve Chair Kevin Warsh used his first international speech to double down on the 2% inflation target, reject political pressure, and outline plans to overhaul the Fed's data and decision-making.
- Jun 18
US and Iran sign interim peace deal, reopening Strait of Hormuz as oil prices tumble
The US and Iran have signed an interim peace agreement to end their three-month war, reopening the Strait of Hormuz and waiving oil sanctions. Oil prices tumbled as markets priced in the return of Iranian crude, though Donald Trump threatened to resume bombing if commitments are not met.
