HISTORICAL FACTS: 11 | History Defined

US inflation slows in June, but reversal likely amid Middle East conflict

US inflation slowed in June, but oil prices may cause a temporary easing. The Personal Consumption Expenditures Price Index rose 3.7 percent annually. Excluding food and energy, inflation also showed moderation. Consumer spending saw a slowdown after tax refunds faded. The Federal Reserve maintained interest rates while signaling future hikes.

The Economic Times · Jul 30

US economy expands 1.5% in Q2, misses forecasts despite spending rebound

The US economy expanded at a slower 1.5% pace in the second quarter. Strong consumer spending and AI infrastructure investment supported overall economic activity. Imports surged, significantly weighing down the gross domestic product growth. Inflation showed signs of easing but remained above the Federal Reserve's target. The Federal Reserve kept…

The Economic Times · Jul 30

The Economy Grew Less Than Expected In Q2. Core Inflation Also Remained Above The Key 2% Target

The U.S. economy grew 1.5% in the second quarter, less than expected. Inflation stood at 3.3%, in line with estimations.

International Business Times · Jul 30

Trump stands by Warsh despite Fed's rate hold

The Federal Reserve maintained its benchmark interest rate, resisting President Donald Trump's calls for a reduction. Three officials dissented, advocating for a rate hike to combat persistent inflation. Warsh acknowledged vigorous debate and the Fed's commitment to controlling prices. He noted the central bank lacks immediate solutions for inflation's complex…

The Economic Times · Jul 30

Bitcoin, Ethereum, XRP, Dogecoin Flat as US Resumes Iran Strikes: 'Whales Are Buying the Dip,' Says This Analyst

Leading cryptocurrencies traded flat, while stocks sold off on Wednesday as investors digested the Federal Reserve’s policy decision and renewed Middle East hostilities.

Benzinga · Jul 30

Dollar steadies as Fed holds rates, US strikes Iran

The US dollar strengthened in Asian trading after the Federal Reserve maintained its interest rate. Geopolitical developments, including air strikes in Iran, also supported the greenback's value. Other currencies like the British pound and euro experienced slight declines against the dollar. Treasury bond yields saw a significant increase following the…

The Economic Times · Jul 30

Warsh Triggers Market Roller-Coaster As Hawkish Inflation Vow Hits Stocks

For a few minutes, Wall Street thought it knew the script.

Benzinga · Jul 29

The Fed Did What Investors Anticipated. Stocks Plunged Anyway And Nasdaq Entered Correction Territory

Stocks plummeted on Wednesday after the Federal Reserve left rates unchanged.

International Business Times · Jul 29

US Federal Reserve holds interest rates steady as three policymakers back hike

The Federal Reserve held its key interest rate steady on Wednesday despite persistently high inflation and an Iran war-driven surge in energy prices.

Euronews · Jul 29

The Fed Kept Interest Rates Steady, But It Was Not a Unanimous Decision

The Federal Reserve left interest rates unchanged, but stubborn inflationary risks and renewed energy market volatility keep pressure on the central bank to tighten policy later this year.

International Business Times · Jul 29