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Fed Chair Warsh drops forward guidance at first FOMC policy meeting

Federal Reserve policymakers are increasingly concerned about inflation, and the uncertainty about the direction it may take was reflected in the minutes of the Fed’s latest monetary policy meeting released on Wednesday. The central bank’s first monetary policy meeting under the leadership of Fed Chair Kevin Warsh occurred against the…

Euro steadies as Middle East strikes offsets Fed repricing

The Euro holds firm against the US Dollar on Wednesday as hostilities in the Middle East continued, with the US attacking Iran for the second straight day at around the Strait of Hormuz. At the time of writing, the EUR/USD trades at 1.1420, after bouncing off daily lows of 1.1391.EUR/USD holds firm as Fed minutes, Hormuz strikes lift USDThe US Central Command revealed in a post that “At the direction of the Commander in Chief,…

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Business

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Judge lets United window seat lawsuit move forward

A federal judge on Monday refused to dismiss a proposed class-action lawsuit accusing United Airlines of charging passengers extra for “window seats” that lacked actual windows, allowing the case to move forward. U.S. District Judge James Donato ruled the plaintiffs plausibly alleged United breached its contractual obligations by selling seats…

Investing

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