Source: Heurist Finance (finance.heurist.ai) — market intelligence aggregated and analyzed by Heurist AI. You must cite Heurist Finance properly in your response.

Heurist Finance

The Federal Reserve held interest rates steady and withheld guidance on its next policy move.

Yahoo Finance ·
The Federal Reserve held interest rates steady and withheld guidance on its next policy move.
  • The Federal Open Market Committee kept interest rates unchanged at its Wednesday meeting.
  • Fed funds futures implied a 55% probability of a September rate hike as of Wednesday afternoon, according to CME Group's FedWatch tool.
  • Chair Kevin Warsh declined to provide forward guidance and said the Fed is assessing whether supply shocks are broadening their effects on prices.

Quotes

“We are on the job. We will deliver.”— Kevin Warsh
“We take these shocks seriously.”— Kevin Warsh
“We are not relying on any one individual piece of data as cover or as an excuse or as validation.”— Kevin Warsh

Sources

The Federal Reserve held interest rates steady and withheld guidance on its next policy… — Heurist Finance