Warsh states that Federal Reserve officials will not accept high inflation.
Federal Reserve Chair Addresses Inflation Concerns As lawmakers examine the Federal Reserve’s monetary policy, the Fed chair is preparing to answer questions surrounding inflation, interest rates, and the expected direction of the U.S. economy. In his initial testimony as Fed chairman, Kevin Warsh told House representatives that the central bank “will not tolerate a sustained […]
Inflation Takes a Hit: Consumer Prices Decrease Significantly in June, Surpassing Expectations, Largest Drop in Six Years
Consumer Prices See Notable Decline in June Consumer prices experienced a significant drop in June, driven largely by relief at the gas pump and a marked decrease in inflation levels. According to the Labor Department’s report released Tuesday, the Consumer Price Index (CPI) decreased by 0.4% compared to May, marking the largest decline since 2020. […]
Today’s Forex Focus: Attention on US inflation figures and Fed Chair Warsh’s testimony as oil prices rise
Here’s the latest as of Tuesday, July 14th. Crude oil prices continued to rise for a second day as concerns about the stability of the U.S.-Iran ceasefire mounted. Later, the U.S. Bureau of Labor Statistics (BLS) is expected to release the Consumer Price Index (CPI) figures for June. Additionally, Federal Reserve Chairman Kevin Warsh is […]
Stock futures remain mostly stable as tensions rise in the Middle East; traders look forward to earnings and inflation reports: Live updates
Market Updates Amid Rising Tensions On February 13, 2026, traders were busy on the floor of the New York Stock Exchange in New York City. The mood was tense as they faced a challenging environment influenced by escalating tensions between Iran and the United States. As if that weren’t enough, Wall Street was also bracing […]
Central bank official cautions about potential interest-rate increases if inflation rises significantly this week
Federal Reserve’s Interest Rate Outlook: Potential Hike Ahead Federal Reserve President Christopher J. Waller expressed concerns on Monday that the central bank may need to raise interest rates soon if new inflation reports reveal higher figures than anticipated this week. Inflation has surged to its highest point in three years, largely attributed to the conflict […]
Comparing 1960s grocery prices to today’s prices after adjusting for inflation
Nostalgic Grocery Ads from the 1960s Vintage grocery store advertisements from the 1960s evoke a sense of nostalgia for many Americans. It’s interesting to see how grocery prices were just a fraction of what they are today. These old newspaper ads provide a fascinating look at past shopping habits and how dramatically food prices have […]
Economist predicts inflation won’t reach 2% Federal Reserve goal until 2028
Consumers Confront Ongoing Inflation Challenges American consumers eager for a swift resolution to prolonged inflationary pressures are likely in for a tough reality check. Although recent decreases in gas prices have offered some temporary relief, prices are expected to keep rising due to ongoing issues within corporate supply chains and the persistent impacts of global […]
Euro stays at one-year lows compared to the British Pound as inflation in the Euro Area eases.
On Friday, the euro (EUR) remained relatively weak against the British pound (GBP), with the EUR/GBP pair hovering near its one-year low around 0.8515. Recent data from Germany and France indicated a decline in inflationary pressures for June, which added to the euro’s challenges. In Germany, the final Harmonized Index of Consumer Prices (HICP) showed […]
Euro stabilizes around 1.1450 as German data shows reduced inflation concerns.
On Friday, the euro (EUR) made slight gains against the somewhat weaker US dollar (USD). The currency pair has climbed to the mid-1.1400 range but seems unlikely to break above the two-week trading ceiling of about 1.1475, suggesting the week might conclude with minimal change. In Germany, the finalized harmonized consumer price index (HICP) for […]
Kevin Warsh encountering significant disagreements regarding the future direction of inflation: meeting notes
The Federal Reserve’s rate-setting committee decided to keep the main interest rates steady during its recent meeting, as detailed in minutes released on Wednesday. However, there was a noticeable divide among officials regarding the future of inflation — some believe it might stay elevated, while others think it could decrease after the war in Iran […]