The Latest Breaking News from the Federal Reserve

Chair Jerome Powell said the Federal Reserve is becoming more convinced that inflation is headed back to its 2% target and said the Fed would cut rates before the pace of price increases actually reached that point

Asian shares began the week trading mixed as China reported that its economy expanded at a 4.7% annual pace in the last quarter

After the recent CPI numbers were released, investor sentiment indicated an 85% likelihood of a rate cut at the Federal Reserve's September meeting, up from approximately 70% the prior trading session. This expectation shift has boosted the appeal of gold, as declining interest rates make gold more attractive. Following the…

A surprisingly soft inflation report sparked a rotation from mega-caps into riskier names.