The firm projects the Federal Reserve will maintain current rates for three more years amid persistent inflation risks. Wells Fargo Economics expects the Federal Reserve to keep the fed funds rate steady at 3.50%-3.75% through the end of 2027. The forecast reflects concern
Federal Reserve Chair Kevin Warsh states the central bank opposes bailouts but avoids absolute denial of support for stablecoins or crypto markets. Federal Reserve Chair Kevin Warsh affirmed the central bank’s stance against bailouts for any sector, including crypto, durin
Philip Jefferson states current Fed policy is flexible to address inflation trends while supporting the job market. Federal Reserve Vice Chair Philip Jefferson indicated the central bank’s current policy stance is well positioned to respond to incoming economic data. He em
American Water’s Pennsylvania subsidiary secures regulatory approval to raise annual revenue by $74.9M starting this year. American Water’s Pennsylvania American Water unit received approval from state regulators to increase annual revenue by $74.9M. The decision by the Pe
Philip Jefferson emphasizes data-dependent policy pause, expecting inflation to resume decline toward 2% target. Federal Reserve Vice Chair Philip Jefferson indicated cautious optimism about U.S. economic prospects, projecting slightly above-trend growth and a stabilizing
A Fed official argues current policy is insufficient to reach the 2% inflation target amid persistent price pressures. Dallas Federal Reserve President Lorie Logan said interest rates may need to rise modestly to curb inflation, which remains above the Fed’s 2% goal. She c
Dallas Federal Reserve President Lorie Logan, asserting that this week's good inflation news wasn't good enough, called Thursday for "modestly" higher interest rates to win a battle the central bank has been losing for the past five years. A voting member this year on the
Market-based inflation expectations fall to their lowest level since September after weaker-than-expected consumer price figures. One-year U.S. inflation swaps dropped below the Federal Reserve’s 2% target for the first time since September 2024. The decline followed softe
Bank of Korea hikes rates by 25bp The Bank of Korea has increased interest rates by 25bp to 2.75%. The rate hike is seen as a unanimously hawkish move by the Monetary Policy Committee. The July statement is more hawkish than the May statement, indicating a
Gold (XAU/USD) edges lower on Thursday as traders look past back-to-back softer-than-expected US inflation reports and remain focused on renewed Middle East tensions, which are fueling concerns that higher energy prices could reignite inflationary pressure. At the time of
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