Fed Chair Jerome Powell refused to share specifics of his expectations on how the war could affect the US economy after the Fed raised its inflation outlook on Wednesday, now expecting its preferred personal consumption expenditures (PCE) measure to stand at 2.7% by December 2026, up from an earlier estimate of 2.4%.

The Federal Reserve on Wednesday released its decision in interest rates.

The US central bank is moving cautiously, despite pressure from the president to cut interest rates.

Der Leitzins verbleibt in der Spanne von 3,5 bis 3,75 Prozent. Dafür stimmten am Mittwoch elf der zwölf Zentralbankrats-Mitglieder. Grund ist die Teuerungsrate durch den Krieg in…

Powell's term as Fed chair is scheduled to end on May 15, but he could elect to stay on the board to finish his term as a Fed governor.

Powell: 'Sugli effetti della guerra c'è incertezza. Nessuna stagflazione stile anni 1970' (ANSA)

The US Federal Reserve keeps rates steady at 3.5–3.75 percent amidst a cooling labour market and Iran pressures.

Fed Chair Jerome Powell refused to share specifics of his expectations on how the war could affect the US economy after the Fed raised its inflation outlook on Wednesday, now…