FOMC

Data will determine if and how high the Federal Open Market Committee will raise rates, according to Federal Reserve Bank of Richmond President Tom Barkin.

Federal Reserve officials left the benchmark interest rate unchanged while reiterating their plan to gradually lift borrowing costs to keep the economy expanding at a healthy pace.

The market will have to wait for meeting minutes to learn policy makers' thinking on the accelerating GDP, the yield curve, interest rates, and trade wars.

Luke Tilley, chief economist at Wilmington Trust, discusses monetary policy and how a yield curve inversion could limit Fed rate hikes. Gary Siegel hosts.

Chairman Jerome Powell is under pressure to adopt what would amount to a put tied to the bond market.

The Federal Open Market Committee needs to be cautious on monetary policy or the yield curve could invert, Federal Reserve Bank of St. Louis President James Bullard said.

President Donald Trump criticized the Federal Reserve’s interest-rate increases, breaking with more than two decades of White House tradition of avoiding comments on monetary policy out of respect for the independence of the U.S. central bank.

The U.S. economic expansion rolled along and labor markets tightened in June and early July, even as tariffs heightened concern among manufacturers.

Federal Reserve Chairman Jerome Powell said risks to the U.S. central bank’s inflation forecast were “roughly balanced” even as he noted lingering concern over sluggish price rises.

The Federal Reserve should get monetary policy to a neutral stance, but that could be “challenging,” Federal Reserve Bank of Kansas City President Esther George said.