The newest stories in The Monochrome Chronicles that mention Rates, newest first.
A claims analysis of about 57 million older Americans found parkinsonism in 3.8% to 4.9% of those with either condition, versus about 1.6% of others; it shows an association, not a cause.
Developing
Chairman Kevin Warsh said inflation is “too high,” but the central bank, citing the need for more data, left rates alone in its last vote before the midterms.
The Fed
Kevin Warsh leads the central bank into a decision on Wednesday with consumer prices rising at 3.7 percent and a December hike already priced in by markets.
Earnings
Goldman Sachs, Citigroup and Wells Fargo beat forecasts as earnings season opened, while JPMorgan Chase fell short for the first time in nearly three years. Executives said consumers are still spending.
Housing
The average 30-year fixed rate rose to 7.28 percent, Freddie Mac said, after Treasury yields posted their sharpest quarterly jump since 1994.
The Fed
Chair Kevin Warsh led a unanimous quarter-point increase to 3.75 to 4 percent and the committee signaled another hike this year, as President Trump demanded lower rates.
The Fed
Under Chair Kevin Warsh, three regional bank presidents wanted a quarter-point increase to fight inflation.
Outbreak
Health officials say the Andes strain can spread between people but only through close contact; three passengers were evacuated as the ship, with about 150 aboard, seeks a port.
The Fed
Chair Jerome Powell said he will remain a governor until the Justice Department matter is “well and truly over.” The Senate Banking Committee advanced Kevin Warsh as his successor.
The Fed
Policymakers still project one cut this year; Chair Powell says he will stay on the board until the Justice Department probe is over.
The Fed
Chair Jerome Powell said the economy is on solid footing and sidestepped questions on the Justice Department probe and his successor; Governors Stephen Miran and Christopher Waller dissented in favor of a quarter-point cut.
The Fed
The quarter-point cut puts the benchmark rate at 3.5 percent to 3.75 percent, the lowest since late 2022; officials project just one more cut in 2026.
