The Latest Breaking News from the US Federal Reserve

The US Federal Reserve is on the right track in its inflation fight, but "not yet" at the point where it should begin cutting interest rates, a senior official said Friday.

Learn why big central banks around the world are shifting their policies towards rate cuts and how this decision may impact the global economy.

Asian stocks opened largely higher on Thursday, with Hong Kong leading the gains as investors worked on expectations the US Federal Reserve will cut rates next year.

Asian markets opened higher on Wednesday, tracking Christmas holiday gains on Wall Street, with investors betting on the US Federal Reserve cutting interest rates as early as March.

A measure of inflation favored by the US Federal Reserve weakened in November on lower energy prices, government data showed Friday, providing further reassurance to policymakers keen to rein in price increases.

Enter the world of global central banks as the US Federal Reserve takes the spotlight, causing a hiccup in the December rate hike cycle. Get the latest upd...

Asian stocks rallied Wednesday, following another record performance on Wall Street as traders continue to bet on the US Federal Reserve slashing interest rates several times next year.

Central banks on both sides of the Atlantic kept their main interest rates unchanged for the fourth successive month in December 2023. These rates are closely watched because they set the minimum interest at which your bank borrows and lends. This determines the cost of credit for all firms and…

The US Federal Reserve will likely hold its key lending rate at a 22-year high on Wednesday -- the first of a series of crucial central bank decisions this week.