Leaves Interest

• The Federal Reserve decided to keep interest rates unchanged, despite three members voting in favor of an increase. • New Fed Chairman Kevin M. Warsh vowed to combat persistent inflation, though he did not specify if future rate hikes would be the primary tool. • Warsh defended the central bank's current strategy, asserting that the Fed is not sitting idly and is actively managing its policy approach.

Decision not to change rate comes despite signs inflation is rising amid the Iran war’s effects on fuel pricesThe Bank of England has left UK interest rates unchanged at 3.75%, despite signs that inflation is beginning to accelerate due to the impact of the Iran war.The Bank’s rate-setting monetary policy committee (MPC) voted to leave borrowing costs on hold at noon on Thursday, after its latest rate-setting meeting. Continue reading...

Fed officials cite elevated inflation, slow job growth and uncertainty in Middle East as reasons for holding ratesSign up for the Breaking News US email to get newsletter alerts in your inboxThe US Federal Reserve left interest rates unchanged after its latest board meeting, defying once again Donald Trump’s call for a cut as the central bank prepares for a leadership shake-up next month.On Wednesday, Fed officials continued to cite elevated inflation, slow job growth and uncertainty in the Middle East as reasons why rates were left untouched. Continue reading...