Fed Holds Interest Rates Steady, With December Hike in View
As expected, the US Federal Reserve opted to hold off on raising its key interest rate for now. There are strong indications that it will raise rates in December instead.
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Fed minutes point to another interest rate hike before year-end
Minutes from the US Federal Reserve’s latest policy rate decision show that members believe interest rates will rise further before the end of the year.
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US core inflation falls to 3.0% in August, below forecasts
Core inflation in the US fell to 3.0 percent in August, according to the so-called PCE measure. This was lower than expected.
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Stockholm Stock Exchange rises for second day as markets shake off Fed concerns
For the second day in a row, the Stockholm Stock Exchange rose broadly, in line with leading European exchanges. The OMXS index closed up 1.1 percent.
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Fed chief’s inflation warning sends Wall Street lower
US stock markets fell after Fed chief Kevin Warsh’s message that inflation is too high.
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Fed raises key interest rate, defying Trump as inflation stays high
A united US central bank led by new chair Kevin Warsh is going against President Donald Trump and raising the key interest rate by a quarter of a percentage point. Trump is unhappy and is now demanding that interest rates be lowered quickly.
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US inflation steady at 3.4%, boosting bets on Fed rate hike next week
US inflation, as measured by the CPI, was unchanged at 3.4 percent in August. The figure has led the market to expect a US interest rate hike next week.
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Trump demands lower interest rates, threatens trade freeze over deficits
The US central bank, the Fed, must lower its key interest rate, or the US will stop trading with countries with which it has a deficit. This is an ultimatum from President Donald Trump.
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Fed Governor Kevin Warsh talks down Wall Street as stocks end lower
A week of subdued stock market sentiment ended on a more pessimistic note on Wall Street. Federal Reserve Governor Kevin Warsh talked down stock prices.
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Fed chief Warsh signals inflation concern, markets raise odds of September rate hike
The new US Federal Reserve Chairman Kevin Warsh says in his first major speech that inflation is too high and that measures may be necessary. The market's reaction is a sharply increased belief in a hike in the key interest rate in September.
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Stockholm Stock Exchange closes week at record high
The Stockholm Stock Exchange closed the trading week at a historic high. The OMXS index rose 0.3 percent and has risen just over 10 percent so far this year.
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Kevin Warsh faces key Jackson Hole speech as pressure builds over Fed communication and US debt
Being new on the job is not always easy. Just ask Kevin Warsh, who has drawn criticism from economists and is also under pressure from sky-high interest rates and a $40 trillion national debt.
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US core inflation rises in line with forecasts, monthly price gains top expectations
Core inflation in the United States rose to 3.3 percent in July, according to the so-called PCE measure. This was in line with analysts’ average forecast and the June price increase, according to Bloomberg.
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Advisor Kevin Hassett attacks New York Fed tariff study, calls it embarrassing
Kevin Hassett, head of the U.S. Economic Council, criticized a study by the Federal Reserve Bank of New York on the effects of tariffs. He said the study's authors should be "disciplined."
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Cheerful start to the stock market week as Stockholm exchange closes 0.4 percent higher
The Stockholm Stock Exchange started the trading week on an upward note, closing 0.4 percent higher. Market gains were also visible on other European stock exchanges.
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Silver prices continue to fall, gold prices fall
The price of silver on the commodities market continues to be in steep decline. The precious metal is trading at just over $78 per ounce in early afternoon trading, down just over 11 percent on the day.
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Oil prices fall as concern about major war eases
World market prices for oil and gas are falling. Reduced concern about a U.S. attack on Iran is behind the declines.
Business
Price collapse and stock market turmoil - the new Fed chief looms
A stronger dollar triggered a plunge in gold and other commodity prices. The new head of the US Federal Reserve looms in the background. It may not be such a radical shift, says Mattias Persson, chief economist at Swedbank.
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Stocks down and gold down in the US
Major indices fell on US stock markets on Friday after President Donald Trump nominated his candidate to be the new chairman of the Federal Reserve.
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Republican senator says he will vote against Trump's Fed pick Kevin Warsh
Republican Thom Tillis wrote on the social network X that he will apparently vote against Kevin Warsh's nomination as the new head of the US Federal Reserve (the Fed) today.
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Price drop in gold and silver after Trump nominates Kevin Warsh as Fed head
Precious metals prices are falling sharply. The sharp price declines began when the media reported that President Donald Trump was about to nominate Kevin Warsh as the new head of the US Federal Reserve (the Fed).
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Trump says Kevin Warsh will be the new Fed chairman
President Trump announced on Truth Social that he has nominated former central banker Kevin Warsh to be the next head of the Federal Reserve. "He will never let you down. Congratulations, Kevin!" Trump wrote.
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SKF plunges 7.6% after 2025 results as Stockholm market slips slightly
The Stockholm Stock Exchange did not react significantly to President Donald Trump's nomination of Kevin Warsh to head the U.S. Federal Reserve.
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