Federal Reserve Chairman Jerome Powell said Wednesday that market borrowing costs would need to be sustainably higher for that to bear on future central bank monetary policy choices.
Tighter financial conditions could bear on Fed actions if they are persistent and it "remains to be seen" if that will be the case.
But he did add higher Treasury market yields "are showing through" to real world borrowing costs, Powell said at a press conference following the Federal Open Market Committee meeting.The International Monetary Fund and Gambian authorities have reached a staff-level agreement on a new three-year support package of around $100 million, the Fund said in a statement on Wednesday.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
WATCH LIVE: Jerome Powell to speak after Federal Reserve kept interest rates steadyEden Villalovas is a breaking news reporter. Eden graduated from the University of Colorado, Boulder, in May 2022, where she served as the managing editor of the Bold.
Read more »
GBP/USD remains negative as Fed holds rates unchanged ahead of Powell’s press conferenceThe GBP/USD oscillates at around 1.2108 after the US Federal Reserve (Fed) decided to keep rates unchanged at the 5.
Read more »
USD/CHF oscillates at around 0.9100 as Fed keeps rates on hold, eyes on Powell conferencesThe USD/CHF retreats some from daily highs reached at 0.9107, though it remains trading within the 0.
Read more »
Federal Reserve leaves interest rates unchanged for a second straight meetingBut policymakers left the door open to additional rate hikes, with the U.S. economy accelerating between July and September,
Read more »
Fed Reserve keeps interest rates at 22-year highTexans will decide whether or not to pass 14 proposed amendments to the state constitution.
Read more »
Federal Reserve votes unanimously to pause interest ratesThis is additional taxonomy that helps us with analytics
Read more »