WASHINGTON, United States — The US Treasury buybacks program will expand sharply for longer-dated government debt, with the department announcing on Wednesday that selected operations will be doubled to at least $4 billion as officials respond to pressure in the Treasury market.
टैग: Treasury Market
Fed Holds Interest Rates Steady as Warsh’s Inflation Message Leaves Markets Uncertain
The U.S. Federal Reserve kept its benchmark interest rate unchanged at 3.50%-3.75% on Wednesday, July 29, as a divided policy committee weighed persistent inflation pressures against a steady labour market. Fed Chair Kevin Warsh reiterated the central bank’s commitment to bringing inflation back to its 2% target, but offered few clues about whether rates could rise at the next meeting.