Fed chair says it is focusing on price stability as committee decided that inflation was not ‘moving to our objective’ US Federal Reserve raises interest rates for the first time since 2023 Kay Haigh, global head and CIO of Fixed Income and Liquidity Solutions at Goldman Sachs Asset Management, has this analysis of today’s decision: The Fed has signalled it does not at this stage envisage an aggressive tightening cycle. Most FOMC members see a total of two hikes this year per the SEP, and it will likely skip October’s meeting given its proximity to the midterm elections. One more hike this year in December is our base case, although this remains contingent on upcoming CPI reports and the path of energy prices. Continue reading...

Move means that scheduled votes for Thursday have been canceled, including on a proposal to impeach Pete Hegseth, the defense secretary Sign up for the US Breaking News email Reader Q&A: how united are the Democrats ahead of the US midterms? Later today, my colleagues and I will be hosting a live Q&A all about how united the Democratic party is ahead of the November midterms. We’ll be digging into who are the Democrats running in the upcoming election and where they stand. Continue reading...

Lleva cuatro meses como presidente de la Reserva Federal (Fed), pero este miércoles se recordará como el día en el que Kevin Warsh demostró que él y el resto de gobernadores del organismo son los que realmente pilotan la política monetaria de Estados Unidos, al margen de influencias externas. La Fed ha dado el paso que el presidente Donald Trump no quería que diera bajo ningún concepto: subir los tipos de interés a mes y medio de unas elecciones de medio mandato en el que los republicanos se juegan perder el poder legislativo . Con este paso, Warsh, un multimillonario conservador elegido por Trump, demuestra que va en serio en su objetivo de luchar contra la inflación, aunque para eso tenga que perjudicar los intereses electorales del hombre que lo escogió creyendo que obedecería sus deseos de convertir a Estados Unidos en el país con los tipos de interés más bajos del mundo. Pero no ha sido así. Seguir leyendo

El Gobierno de Estados Unidos ha decidido excluir a Venezuela de la lista de países a los que acusa de no hacer lo suficiente para combatir el narcotráfico internacional. En un comunicado, el Departamento de Estado asegura que esa decisión, que marca un cambio rotundo con respecto a años anteriores, se debe al arresto y remoción de Venezuela del expresidente Nicolás Maduro en enero y a la muerte del líder de la banda delictiva Tren de Aragua, Héctor Rusthenford Guerrero , en junio. Ambos sucesos ocurrieron luego de operativos militares liderados por Estados Unidos en el país. Supone también un premio para la presidenta interina, Delcy Rodríguez, bajo tutelaje estadounidense. Seguir leyendo

A ‘generous wedding gift’ from a ‘dear friend’ raises questions not entirely answered by Bettina and Don Jr’s Instagram caption This was originally published in This Week in Trumpland. Sign up to receive it in your inbox every Wednesday Anyone who has gotten married knows how the costs can rack up. There’s the venue, the photographers, the flowers, the cake, the napkins , the DJ (can you tell I got married earlier this year?), the disco ball that costs a barely believable $700, the outfits for the flower girls, the knives and forks , the tuxedo socks, which you previously didn’t know existed, the gifts for the best man and maid of honour, the events that you decided to throw before and after the day itself (honestly, it’s just a never-ending stream of people with their hands out), the seating chart that despite you making it yourself somehow ended up costing three figures, the chairs that you paid extra for because your now-wife didn’t like the colour of the ones the venue would have provided for free, the tanning moisturiser that you had to buy in two different shades because the first one made you look like a corpse, the teeth whitening, the Uber credit that you have a sneaking suspicion your best friend turned a profit on, the honeymoon and more (for the record, it was a lovely day and worth every penny). It almost makes one wish they had a recent acquaintance who is a Russian oligarch and a close Putin ally who is willing to spend, for no particular reason, hundreds of thousands of dollars to defray some of the costs. In response to detailed questions, a spokesperson for Trump Jr did not dispute the wedding payments from Kremlev. ‘Umar is a personal friend of Don, ’ he said. The spokesman said that Kremlev is ‘not someone he has a business relationship with’ and that the men met through a mutual friend in the hunting world and bonded over their love of boxing and the outdoors. Continue reading...