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The Fed Is Expected to Hold Rates Steady. Warsh Will Have to Explain Why.

Inflation is moving in the wrong direction and the labor market remains stable, a combination that bolsters the case for higher interest rates.

Β© Athit Perawongmetha/Reuters

Kevin M. Warsh, chairman of the Federal Reserve, said that the central bank had more work to do to tame inflation, but that there was no urgency to raise rates at consecutive meetings.

France’s Avoids a Debt Downgrade From Moody’s, but Is Given a Warning

Moody’s held the country’s credit rating steady amid political uncertainty and a rise in borrowing costs that have worsened France’s debt situation.

Β© Pool photo by Teresa Suarez

President Emmanuel Macron of France with ministers in Paris on Thursday.
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