Fed's favored inflation gauge showed prices pulled back
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Inflation, oil prices, and tariffs are reshaping expectations this week as FOMC votes whether to cut, hike, or hold interest rates.
The decision was largely expected by investors, who have seen markets begin to churn amid ongoing concerns about higher oil prices and AI spending.
Fed Chairman Kevin Warsh held rates at 3.5%-3.75% in a 9-3 FOMC vote, defending the decision as inflation stays above the 2% target for over five
Inflation and affordability are top issues for the Federal Reserve’s rate-setting committee as it votes on whether to raise interest rates or keep them steady.