The Federal Reserve is expected to hold interest rates unchanged at its July meeting, as elevated energy prices and tensions with Iran have complicated the outlook despite an unexpected decline in inflation to 3.5% in June. Fed Chairman Kevin Warsh faces potential conflict with President Donald Trump, who wants lower rates, as price stability remains challenging. Mortgage rates are holding just above 6.50%, while average credit card rates stand at 23.79%, keeping borrowing costs elevated for consumers. On the positive side, savings yields remain attractive by historical standards.
Source: Read the original article
