Fed, Rates
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The details in the latest Consumer Price Index report could compel the Federal Reserve to raise interest rates.
The Federal Reserve is expected to raise interest rates to fight inflation, addressing persistent price increases pushed higher by global events. Learn more.
The FOMC is expected to raise the federal-funds target range to 3.75%-4% when it releases its rate decision on Wednesday at 2 p.m. Eastern. Warsh will later speak to the media in a press conference slated to start at 2:30 p.
Fed Chairman Kevin Warsh sounded tough on inflation in his press conference, some economists say. But is the Fed really that tough? The Fed's dot-plot forecast shows just one more rate increase this year -- and that's it.
Major stock indexes finished lower for the seventh time in eight sessions Wednesday, with the Dow Jones Industrial Average shedding more than 600 points, after the Federal Reserve unanimously raised interest rates for the first time since 2023 and Chair Kevin Warsh warned about continued inflation.