Federal Reserve Chairman Kevin Warsh declined to signal future rate cuts while holding the benchmark rate at 3.5%-3.75% for the fifth consecutive meeting, instead touting artificial intelligence as a …
The US Federal Reserve faces growing pressure to hike interest rates at its Jul 28-29 meeting as oil prices rebound due to Middle East tensions, AI-related demand, and new US tariffs fuel inflation ri…
Cleveland Fed President Beth Hammack warned that inflation remains stubbornly high at 3.5% year-over-year, nearly double the Fed's 2% target, and flagged AI-driven demand as a new inflationary pressur…
The Federal Reserve's June meeting minutes identify surging demand for AI infrastructure as a driver of persistent inflation, sending Bitcoin down 2.8% to around $62,200. Fed officials flagged AI-rela…
Federal Reserve Chairman Kevin Warsh held his first meeting, keeping benchmark rates steady but signaling less predictable interest rate policy. With four dissenting FOMC votes—the most since 1992—and…