Hassett: We expect the Federal Reserve Chair to make the right decision.

1 hours ago

U.S. White House National Economic Council Director Hassett: We expect Federal Reserve Chair Walsh to make the right decision.

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The Federal Reserve held interest rates steady.

The Federal Reserve has kept its benchmark interest rate unchanged at 3.50%-3.75%, marking the fifth consecutive meeting where it held rates steady.

8 minutes ago

FOMC Statement: The interest rate decision was approved by a 9-3 vote.

Federal Reserve FOMC Statement: Committee members approved the interest rate decision by a 9-3 vote, compared to the 12-0 vote at the previous meeting. The Federal Reserve held its benchmark interest rate steady at 3.50%-3.75%, marking the fifth consecutive meeting where rates were left unchanged. (Jinshi)

8 minutes ago

Three Federal Reserve officials – Harker, Kashkari, and Logan – cast dissenting votes against interest rate hikes.

Federal Reserve FOMC Statement: Three Fed members voted in favor of a rate hike, with Hammack, Fed’s Kashkari and Fed’s Logan registering dissents. The statement reaffirmed that inflation remains high, in part due to the impact of shocks.

8 minutes ago

Following the release of the interest rate decision, the overall crypto market rebounded, spot gold rose in the short term, and the US Dollar Index declined.

Following the Federal Reserve's interest rate decision, declines in the three major U.S. stock indexes narrowed: the Dow Jones Industrial Average fell 1.09%, the S&P 500 edged down 0.15%, while the Nasdaq Composite turned positive. The crypto market rallied, with Bitcoin surging over 0.7% in a short period and Ethereum jumping more than 1.15%. Spot gold climbed $20 to a peak of $4,064 per ounce. The U.S. Dollar Index (DXY) dropped nearly 27 points to 101.1.

8 minutes ago

Fed's Official Announcement: Federal Reserve holds interest rates steady in a 9-3 vote, marking the first time since 2016 that three unanimous dissenting votes were recorded.

Nick Timiraos, known as the "Fed’s mouthpiece", stated that the U.S. Federal Open Market Committee (FOMC) voted 9 to 3 to keep interest rates unchanged. Three regional Federal Reserve presidents dissented, advocating a 25 basis point rate hike. This marks the first time since 2016 that the Fed has recorded three dissenting votes all supporting a rate hike in a single monetary policy decision, reflecting growing hawkish divisions within the central bank.

8 minutes ago

The interest rate swap market is no longer fully pricing in September interest rate hike expectations.

After the Federal Reserve released its interest rate decision, the Fed Swaps market is no longer fully pricing in expectations of a September rate hike, indicating that traders have scaled back their bets on the Fed further tightening monetary policy that month, and market expectations for the subsequent policy path have cooled somewhat.

8 minutes ago

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