Fed Holds Rates Steady but Three Officials Vote for Increase
Fed holds rates despite three officials voting to hike; Mideast escalation drives oil +7%, crude stockpiles fall 7.2M barrels vs 600k expected. Inflation and energy shocks threaten tech capex, cloud costs, and hiring runway if Fed remains behind the curve.
Stocks Fall on Mideast Escalation Ahead of Fed Rate Decision
Investors had largely expected that the Fed would hold interest rates steady, given ongoing concerns with high inflation.
Fed held rates steady at 3.5%-3.75% with three officials pushing for a hike; crypto markets showed little reaction. The continued pause signals effective easing supportive for risk assets, but geopolitical risks and above-target inflation keep the macro backdrop restrictive.
The Federal Reserve held its key interest rate steady on Wednesday despite persistently high inflation and an Iran war-driven surge in energy prices.
Wall Street stocks finished sharply lower Wednesday after the Federal Reserve kept interest rates unchanged despite lofty US inflation as escalations in the Middle East war pushed oil prices skyward.
The central bank held the main interest rate steady as inflation remained elevated due to supply shocks across sectors such as energy.
Three Fed bank presidents wanted to hike interest rates
Fed holds rates at 3.75% in 9-3 vote as three officials push for a hike amid Middle East driven inflation.
The Fed's rate-setting committee reached the 9-3 decision after two days of deliberations.
The Fed held interest rates steady, with surging inflation from the Iran war prompting three policymakers to call for a hike. Read more
Oil prices are back to jumping as Middle East tensions escalate, while the Federal Reserve kept interest rates on hold, with three of the central bank’s rate-setting committee…
The Fed said Middle East-driven energy shocks are keeping inflation above its 2% target, as it keeps it rate range steady.
Fed Holds but Warsh Hobbles Market | Markets P.M. for July 29
Wall Street stocks finished sharply lower Wednesday after the Federal Reserve kept interest rates unchanged despite lofty US inflation as escalations in the Middle East war pushed…
Warsh's Posture on Interest Rates Sparks Market Inflation Fears
Fed maintained rates, though with 3 dissenters who favoured a 25bps hike. Chair Warsh said that if inflation remains elevated, rates could be part of fixing that.
Kevin Warsh Asked the Market to Speak. It Answered.
U.S. Stock Futures Steady Amid Inflation Fears