Federal Reserve Raises Rates to 3.75%-4.00%
Federal Reserve Raises Rates to 3.75%-4.00%
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Sam Tanner’s 3:56.01 broke Geordie Beamish’s previous New Zealand mile record of 3:58.45 by more than two seconds. Alison Andrews-Paul and Kimberley May also recorded personal bests of 4:50.77 and 4:50.99, respectively.
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Longtime Athletics Canterbury official Graham Vivian, who died at age 88, worked in athletics control rooms for more than 40 years and helped manage the Track and Field Control Room at the 1990 Auckland Commonwealth Games. He received an Athletics New Zealand Long Service Award in 1993 and became an Athletics Canterbury life member in 1995.
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Northern Illinois University’s “Men on Boats” is described as a near-true retelling of an 1869 expedition to map the Colorado River, while the Olmec Heads Experience features 25 heads displayed at the NIU Art Museum. Knorrwood’s performance will take place at the Egyptian Theatre and draw on Led Zeppelin-inspired progressive rock.
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The Reading leadership conference will feature Dr. Maiysha Clairborne, a physician and trauma-informed leadership coach, addressing burnout prevention, trust and psychological safety. The event will run from 9 a.m. to 3 p.m. at the DoubleTree by Hilton Reading and costs $100.
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The Federal Reserve’s rate decision was unanimous, and its projections indicate inflation may not return fully to target until 2029 even as growth and employment forecasts improved. Markets are also pricing roughly a 58% chance of another hike in October, making scheduled comments from nine Fed officials particularly significant.
The Federal Reserve raised its benchmark interest rate by 0.25 percentage points to 3.75%-4.00%, marking another step in its effort to control inflation. TheStreet reports the decision was unanimous, though the central bank's projections suggest inflation may not fully return to its 2% target until 2029, even as economic growth and job forecasts improved.
Financial markets are now pricing in roughly a 58% chance of another rate hike in October, making upcoming comments from nine Federal Reserve officials particularly significant for investors watching inflation trends and economic momentum.
Fed's Inflation Fight Extends Well Beyond 2025
The central bank's latest projections reveal a stubborn inflation problem. Even with economic growth improving and unemployment staying stable, the Fed estimates it will take until 2029 for inflation to return fully to target. This extended timeline underscores how persistent price pressures remain despite months of rate increases.
Markets See October Hike as More Likely Than Not
Traders are betting the Fed won't pause its rate-hiking campaign. Current market pricing suggests a 58% probability of another 0.25-point increase in October, according to CMC Markets. This expectation means every statement from Fed officials over the coming weeks will be scrutinized for hints about the central bank's next move.
Trump-Xi Meeting Adds Uncertainty to Markets
Beyond the Fed's actions, financial markets are watching President Trump's upcoming meeting with Chinese President Xi Jinping closely. Trade tensions and policy decisions from that meeting could affect inflation, economic growth, and the Fed's future rate decisions. The geopolitical backdrop adds another layer of complexity to rate forecasts.
Economic Data Remains Critical to Rate Path
The coming weeks will bring a flood of economic reports that could shift Fed thinking. The Week Ahead notes that global PMI reports, employment data, and earnings releases will help shape expectations for October and beyond. Weak data could cool rate-hike bets, while strong growth could reinforce them.
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