The Latest Breaking News from Interest Rates

Asian shares are mixed in muted trading after the U.S. Federal Reserve opted not to cut interest rates for the first time since it began trying to help the economy through lower rates in September

The Fed cut rates again at its October meeting. While it lowers APYs on savings accounts, these high-yield options still provide excellent returns.

As widely expected, the Federal Open Market Committee took a 'wait-and-see' approach toward borrowing costs.

The dollar index (DXY00 ) Wednesday rose by +0.10%. The dollar posted moderate gains Wednesday after the Fed kept interest rates unchanged and removed the reference in the post-FOMC meeting statement to inflation making progress, suggesting the Fed may remain on pause for longer. The dollar also found support in...