Bank’s chair pledges to keep up fight against inflation but decision brings fears of a failure to keep pace

WASHINGTON: The US Federal Reserve held interest rates steady on Wednesday (Jul 29), with surging inflation fueled by President Donald Trump's war on Iran seeing three of the…

The U.S. Federal Reserve left interest rates unchanged on Wednesday, keeping borrowing costs steady while putting renewed focus on Chair Kevin Warsh's...

The yield on the 30-year US Treasury bond rose to a 19-year high, according to a Reuters report, as concerns over the Federal Reserves commitment to curbing inflation prompted…

Treasury yields hit a 19-year high of 5.24% after the Fed held rates steady. Fed pause in next three meetings at 42% YES.