The Daily Editor

A divided Federal Reserve left interest rates unchanged last night even as Fed chief Kevin Warsh pledged an unwavering commitment to bring inflation down, a message that left markets confused about just what he was prepared to do.

Warsh, in what has become characteristic fashion, declined during a press conference to offer any clues about what action would be needed to contain inflation that has held above the Fed’s 2% target for over five years,

 » Read more about: Warsh-led US Federal Reserve leaves rates on hold  »

 » Read more about: Chord Energy, Murphy Oil, Genesis Energy, ExxonMobil, and ConocoPhillips Stocks Trade Up, What You Need To Know  »

Dearbail Jordan
Reporting from the Bank of England

 » Read more about: Bank of England about to announce latest decision on interest rates  »

Nearly a month into the third quarter of 2026, the 2027 Social Security cost-of-living adjustment (COLA) projections are beginning to come into focus. We’re still missing several key numbers needed for the official calculation, but we have a rough idea of where things could end up.

The Senior Citizens League, a nonpartisan senior group,

 » Read more about: What a 3.8% Social Security COLA could do to the average and maximum checks in 2027  »

Nearly a month into the third quarter of 2026, the 2027 Social Security cost-of-living adjustment (COLA) projections are beginning to come into focus. We’re still missing several key numbers needed for the official calculation, but we have a rough idea of where things could end up.

The Senior Citizens League,

 » Read more about: Here's What the Average and Maximum 2027 Social Security COLA Increase Could Look Like, According to Recent Estimates  »

 » Read more about: Rich young Americans are ditching the stock market  »

• The move comes after TSM reported upbeat results earlier this month and raised its full-year revenue guidance.

• TSM stock has ended in the red for six straight sessions.

• Stocktwits sentiment for the stock dipped in the past week and was ‘bearish’

 » Read more about: TSM Stock Snaps 6-Day Slide Premarket: Cathie Wood’s ARK Adds $20M Stake  »

Dearbail Jordan
Reporting from the Bank of England

 » Read more about: Bank of England to announce latest decision on interest rates  »

US stock futures geared up for a comeback on Thursday morning after a Fed-fueled sell-off as Asian stocks rebounded and more earnings were on deck. But fresh US attacks on Iran, a bond rout, and worries about AI spending kept investors on guard.

Futures on the Dow Jones Industrial Average (YM=F) advanced 0.2%,

 » Read more about: Stock market today: Dow, S&P 500, Nasdaq futures edge up ahead of inflation data  »

By PAUL WISEMAN, AP Economics Writer

WASHINGTON (AP) — The Federal Reserve left its key interest rate unchanged Wednesday, although three officials dissented in favor of higher rates as the central bank wrestles with how to deal with persistently high inflation.

The Fed’s rate-setting committee reached its decision after two days of deliberations,

 » Read more about: The Federal Reserve is expected to keep rates unchanged for now despite high prices  »