The Federal Reserve announces the median inflation expectations for PCE and core PCE from 2026 to 2028

[Federal Reserve Chairman Kevin Warsh's press conference concludes, lasting approximately 30 minutes] Federal Reserve Chairman Kevin Warsh's press conference has concluded, lasting approximately 30 minutes. (Source: Jin10)

Federal Reserve Chairman Kevin Walsh stated that since the June meeting, the US economy has strengthened, the labor market is at full employment, inflation trends have not improved, underlying drivers of economic growth are strengthening, and price stability issues have persisted for over five and a half years. (Source: Jin Shi)

The group gave Revolut 24 hours to pay and said it targeted customers with significant crypto holdings.

White House spokesperson Kush Desai said that the Fed's decision to raise interest rates is quite regrettable, and the Fed's rate hike is quite unfortunate.

Gunlak stated that as a member of the Federal Reserve, he would vote against the current decision and support a 50 basis point rate hike.