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The futures market now sees at least one interest rate increase this year, as the Federal Reserve's new leader, Kevin Warsh, vows to fight inflation.
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The Bank of England's Monetary Policy Committee voted 7-2 to keep rates on hold.
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Senate GOP frustrations grow as Trump blocks Republican victories The HillSenate Republicans grow increasingly frustrated with Trump blindsiding them NBC NewsFrench Twist: Trump Upends GOP Plans WSJTrump Feuds With Thune and G.O.P., Stoking Election-Year Rift The New York Times
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Bank of England policymakers kept interest rates on hold, saying the impact of the war in Iran was still a major source of uncertainty for the economy.
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Warsh plans to keep markets guessing his next move at the Fed.
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New York City to celebrate Knicks NBA Finals victory in ticker-tape parade ABC News - Breaking News, Latest News and VideosKnicks parade 2026: Live updates from Canyon of Heroes, City Hall FOX 5 New YorkStarting 5: Knicks' parade through New York City set for today NBA.comNYPD to deploy 10K officers to safeguard Knicks victory parade ESPN
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Kevin Warsh's debut Financial TimesWarsh Overhauls How the Fed Talks and Keeps Markets Guessing on Rates WSJFed holds interest rates steady and hints at future rate hike NPRStock futures rise as Wall Street tries to rebound from Fed-led sell-off; Intel leads chips higher: Live updates CNBC
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BMW was the worst performing major European stock on Wednesday after the luxury-car maker lowered its profit outlook, citing a downturn in China as well as the impact from the Middle East war.
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Nine of 19 officials who participate in Fed policy meetings penciled in at least one interest rate increase by year end, up from zero in March. It was Kevin Warsh's first as Fed chair.
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Businesses looking for any relief from the cost of debt were left wanting more Wednesday.
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The new Federal Reserve chair rolls out five task forces that will focus on the central bank's communications, inflation frameworks and more
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