The Latest Breaking News from US Federal Reserve

Asian stocks fell Thursday after the Federal Reserve warned Donald Trump's trade war would likely reignite US inflation and dampen economic growth, while oil prices edged down as investors awaited developments in the Israel-Iran conflict.

Trump has slammed the US Federal Reserve Board chief Jerome Powell, calling him “stupid”, as the federal agency holds off on interest rate changes as it anticipates economic decline in the wake of the US president’s global tariff policies.

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed down -0.03%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.10%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed unchanged. June E-mini S&P futures (ESM25 ) are unchanged, and June E-mini Nasdaq futures (NQM25 )...

The Federal Reserve’s quarterly projection included lower growth and higher inflation; the Fed also maintained its previous expectation of two interest rate cuts.

Of course dramatic tension is high on Fed Day, only this time it's about war and peace as well as monetary policy.

The dollar index (DXY00 ) Wednesday recovered from early losses and rose by +0.09%. The dollar moved higher Wednesday afternoon due to hawkish comments from Fed Chair Powell, who said, “We expect a meaningful amount of inflation in the coming months.” Mr. Powell’s comments signal the Fed is not close...

The US central bank held rates steady despite backlash from President Donald Trump.

Hours before the decision, the president called the Fed’s chair, Jerome Powell, ‘stupid’ for anticipated rate hold

Faced with a blurry forecast for the U.S. economy, the Federal Reserve continued its pattern of keeping interest rates at their current levels.

The oil price fluctuated, with the Israel-Iran conflict entering its sixth day.

The president also joked about whether he can appoint himself to head the Fed