Episode Details
Back to Episodes
Fed Holds Rates as Inflation Peaks
Published 2 days, 7 hours ago
Description
The Fed holds rates steady as inflation hits a three-year high, but hope emerges with a U.S.-Iran deal driving gas prices below $4 for the first time since March. Under new Chair Kevin Warsh—a known hawk—markets now see a 40% chance of a December rate hike, fueled by a strong May jobs report. Meanwhile, former Chair Jerome Powell remains on the board as an investigation into Fed office renovations continues.
Support the show:
Get a discount at https://solipillow.com/discount/dnn.
Advertise on DNN:
advertise@thednn.ai
This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.
View sources & latest updates:
https://sources.thednn.ai/509c2115ae9380a5