Fed holds rates at 3.5%-3.75% as CPI hits 4.2%, energy prices bite and markets watch July data. Bitcoin slid alongside U.S. stocks.

New Fed Chair Kevin Warsh faces a 4.2% CPI print ahead of his first FOMC meeting, with markets pricing a 63% chance of a rate hike that could pressure

Kevin Warsh chairs his first FOMC meeting as inflation hits 4.2%, a three-year high. Here's what it means for crypto and risk assets.

The Federal Reserve held interest rates steady at 3.5%-3.75% in Kevin Warsh's first meeting, with policymakers signaling potential rate hikes to combat surging inflation. Despite…

Investors had expected a pause as the U.S. continues to grapple with too-high inflation and higher energy costs stemming from the Iran war.