The change was slightly above analysts' expectations and is likely to bolster reluctance at the Fed to cut interest rates any further.

Gold prices also tend to rise when inflation accelerates. Because investors flock to gold during periods of economic instability, increasing demand tends to drive up its value. This trend makes gold ...

Federal Reserve Chair Jerome Powell will tell the Senate banking committee the Fed isn't "in a hurry" to resume its interest rate cutting campaign.

Borrowers hoping for more financial relief from the Federal Reserve may have a wait on their hands, as the central bank is ...

The chair of the US Fed Board’s payments subcommittee, Christopher Waller, says he supports regulated stablecoins to help ...

A key measure of excess liquidity in the financial system is evaporating rapidly. Once it disappears, further reduction of ...

Federal Reserve Chair Jerome Powell repeated on Wednesday that the central bank is in no rush to cut interest rates during a ...

That may be true, but once there is no excess liquidity sloshing around the system, liquidity drained by QT will have to come ...

America’s central bank is in no rush to slash interest rates any time soon, Federal Reserve Chair Jerome Powell told lawmakers Tuesday. Powell also faced a barrage ...

Inflation slowed through much of last year – falling as low as 2.4% from a 40-year high of 9.1% in mid-2022 – but it has remained stubbornly high since fall. The cost of services such as car insurance ...

The Tesla CEO warned that media outlets that take government subscriptions would ‘experience a mysterious drop in revenue.’ ...

The Federal Reserve is prepared to keep its key interest rate unchanged for now as inflation remains elevated and the job ...