‘Inflation is too high and has been for too long,’ says Kevin Warsh as Fed announces rate hikes – as it happened
Originally published by The Guardian
This live blog is now closed. US Federal Reserve raises interest rates for the first time since 2023 Kay Haigh, global head and CIO of Fixed Income and Liquidity Solutions at Goldman Sachs Asset Management, has this analysis of today’s decision: The Fed has signalled it does not at this stage envisage an aggressive tightening cycle. Most FOMC members see a total of two hikes this year per the SEP, and it will likely skip October’s meeting given its proximity to the midterm elections. One more
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