State of the Union: A divided Federal Reserve voted Wednesday to hold interest rates constant, despite concerns about inflation. The post Fed Keeps Rates Unchanged appeared first on The American Conservative .
Economy Fed Keeps Rates Unchanged State of the Union: A divided Federal Reserve voted Wednesday to hold interest rates constant, despite concerns about inflation. Photo by Brendan SMIALOWSKI / AFP via Getty Images The Federal Reserve decided in a 9-3 vote Wednesday to keep interest rates steady, holding to the 3.5 to 3.75 percent range that has been in place since January. “Economic activity is expanding at a solid pace despite elevated uncertainty that owes, in part, to the conflict in the Middle East,” the Fed said in its announcement , which also cited strong “productivity growth and capital investment” trends and a stable unemployment rate. Three Fed members dissented from the decision, voting instead to raise rates by a…Open
A Michigan fine arts school’s investigation into concerns of abuse by one of its donors, Jeffrey Epstein, has uncovered dozens of allegations of abuse spanning decades.
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Treasury Secretary Scott Bessent and U.S. Trade Representative Jamieson Greer held a high-level video call with China's vice premier to prepare for the September visit of its president, Xi Jinping, Axios has learned. Why it matters: The call sets the stage for President Trump and Xi to sign future trade deals between the U.S. and China. Zoom in: The cordial video conference call between Bessent, Grier and Chinese Vice Premier He Lifeng lasted more than an hour. - "I emphasized that we expect Beijing to fully meet its commitments on rare earths and U.S. agricultural products," Bessent told Axios in a written statement. - "We also discussed implementation of the Trade and Investment Boards as a mechanism to secure concrete progress toward…
