News

Fed Chairman Kevin Warsh's tough talk on inflation Wednesday reverberated through financial markets.

Gundlach said Warsh's stance reduces the risk of overly accommodative monetary policy that could reignite inflation and push longer-term borrowing costs higher.

The median projection called for the federal funds rate to end 2026 at 3.8%, a quarter percentage point above the current target range.

This is a comparison of Wednesday's Federal Open Market Committee statement with the one issued after the Fed's previous policymaking meeting in April.

The Federal Reserve on Wednesday released its interest rate decision.

Traders on prediction market platform Kalshi largely forecast a unanimous decision among FOMC members at Wednesday's meeting, after April's divided vote.

Duffy, 67, will transition to executive chairman effective March 1, 2027, the company said Wednesday.

China included artificial intelligence in its global governance whitepaper published Wednesday, and said Beijing was speeding up cooperation efforts.

Burry argued the company's market capitalization had reached levels that dwarf many established businesses and fortunes.

The central bank's Federal Open Market Committee is set to release its quarterly update of where individual officials expect interest rates to head.

Traders think it's more likely than not that access is restored by July 1.

AI compute futures could eventually rival some of the world's largest commodity markets, Silicon Data's Carmen Li believes.