The Latest Breaking News from the US Federal Reserve

Report says lack of ‘intellectual diversity’ at senior level and too wide a range of priorities led to errors and fall in public confidence

The Wall Street veteran also weighed in on whether interest rates could go higher.

Former Fed chair appointed as Bank faces pressure to explain why economic forecasts have been so wide of mark

New data shows Chinese economic growth slowing, with property investment in steep decline and youth unemployment at a record high. Also, the US Federal Reserve confirms its "hawkish pause" policy, keeping interest rates steady for now but planning for more hikes. Finally, economists name an unlikely culprit for persistent Swedish…

Gilt yields rose closer to mini-Budget levels today ami new fears the Bank of England will keep interest rates higher for longer.

RECAP: Most Asia-Pacific equity markets rose on Friday to their highest level since mid-February, taking cues from an overnight Wall Street rally as bets firmed that the US Federal Reserve would not raise interest rates next week.

RECAP: Asian stocks advanced on Friday, buoyed by the passage of an agreement that averts a US debt default. Hopes that the US Federal Reserve will decide against lifting interest rates this month also lifted sentiment.

Moody’s report shows weak growth across G20 as central banks move to reduce persistent high inflation

The US Federal Trade Commission has unveiled a proposal that would bar social media giant Meta from profiting off the personal data collected from child users. The FTC is accusing Facebook and Instagram's parent company of repeated violations of data privacy policies. Also in the show, regional US lender WestPac…