The Federal Reserve raised its benchmark rate by 25 basis points on Wednesday, increasing the benchmark federal funds rate to a range of 3.75% to 4%. It was the first increase since 2023 and the first thing Kevin Warsh has done to interest rates since President Donald Trump handed him the chair role. The vote
Markets see the result of this week’s Federal Reserve meeting as nearly a foregone conclusion, but the implications for markets are more up in the air. Markets are pricing about 93% odds of a rate hike at the end of the Fed’s policy meeting on Wednesday. With inflation at 3.4%, long-term Treasury yields spiking, and
Following the Federal Reserve is the closest thing market-watchers have to an ongoing soap opera. The “will they / won’t they” push-and-pull around interest rates can turn on a dime, depending on the day’s news. The central bank’s next move is always under a microscope. But for the entirety of 2026 so far, the Fed
Surprisingly healthy employment data has tipped expectations for a rate hike at the Federal Open Market Committee’s (FOMC) meeting higher this week, with interest rate traders now placing the likelihood at 58.4%. According to CME’s FedWatch, nearly 60% of investors are betting on a 25bps hike to 3.75% to 4%, with the remainder of bettors
Donald Trump has called for interest rates to be cut later this month, claiming higher rates put the US at a “very unfair disadvantage”. The president’s remarks came as stronger-than-expected jobs figures in the US added to growing expectations that rates could be increased, with inflation still running high and American households feeling the pinch
I used to be an avid hiker and would try to go backpacking a few times a year. I always dreamed of thru-hiking the Appalachian Trail, but life kind of got in the way. (Turns out jobs, wives, and children aren’t thrilled with the idea of you disappearing for three months.) But I’ve been longing
