The Latest Breaking News from Jerome Powell

With inflation stubbornly elevated, the Federal Reserve will keep interest rates high for now.

Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this year continued to breeze through trading floors.

Global markets react to Federal Reserve's interest rate decision, leading to mixed outcomes and fluctuations in stock prices.

June S&P 500 E-Mini futures (ESM24) are up +0.58%, and June Nasdaq 100 E-Mini futures (NQM24) are up +0.77% this morning after Federal Reserve Chair Jerome Powell appeared to rule out the possibility of further interest-rate hikes, while investors looked ahead to a new round of U.S. economic data and…

Rolling coverage of the latest economic and financial news, as the OECD cuts UK growth forecasts to back of G7 pack for 2025

FOMC maintains interest rates, slows balance sheet reduction to support economy and financial stability.

The ASX200 has finished 0.2 per cent higher as investors took a dovish view of the Federal Reserve chairman's comments on interest rates.

The yen weakened Thursday following another surge against the dollar that fuelled speculation Japanese authorities had intervened for a second time this week, after Federal Reserve boss Jerome Powell warned interest rates would stay higher for longer.

US central bank keeps benchmark rate at 5.25-5.50% after series of economic reports undercut hopes of easing inflation.