Fed, Lorie Logan
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Money Talks News on MSNFed Rate Freeze: Time to Pay Down Credit Cards Before It's Too LateYour mortgage dreams just got more expensive as the Fed holds rates steady through summer. Credit card debt remains costly while savings accounts get a temporary reprieve from declining yields.
June's uptick in consumer prices likely gives the Fed room to stay on hold as uncertainty over tariffs clouds the timing of its next rate cut, according to economists.
Tuesday's mixed CPI report has further solidified expectations that the Fed will continue to hold interest rates steady. Read more here.
The U.S. central bank’s decision to hold interest rates steady in June was unanimously supported, but officials were starting to splinter over the path forward.
Gold held steady after the latest Federal Reserve minutes showed officials are divided over the outlook for interest rates.
Federal Reserve Bank of Cleveland President Beth Hammack said she wants to see inflation lowered further before she’d support a cut in interest rates.
Bitcoin (BTC) holds steady at around $108,000 at the time of writing on Wednesday as investors adopt a cautious stance ahead of the Federal Reserve’s (Fed) meeting minutes release. In the absence of any relevant market-moving news, market participants are closely watching for signals on the Fed’s potential rate-cut path.