United States
Fed holds US rates at 3.75% to 4% in 10-2 vote; Cook and Hammack wanted a hike
Inflation near 3.7% and oil above $100 kept the Federal Reserve on hold under Kevin Warsh, but markets now expect hikes from December.
14h ago
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US interest rates
3 articles
United States
Fed's Hammack says US rates may need to rise again to stop an 'inflationary mindset'
The Cleveland Fed president, a voter this year, wants small, quick hikes rather than waiting. Markets see a December hike as likely; what a stronger dollar means in Pakistan.
12 Oct 2026