The Latest Breaking News from US Federal Reserve

Most Asian equities rose Thursday after US Federal Reserve boss Jerome Powell suggested any increase in consumer prices caused by tariffs would likely be short-lived, even as the central bank slashed its growth outlook and hiked inflation expectations.

Australian shares have bounced back from days of market turbulence, led by rallies in financial, IT and real estate stocks.

The question now is whether Jerome Powell and other policymakers can get the balance right given all the new noise.

Wall Street liked what it heard from the Federal Reserve on Wednesday, surging to snap a recent slump on news that the central bank is standing firm on its interest rate plans.

The dollar index (DXY00 ) Wednesday rose by +0.25%. The dollar rose moderately on Wednesday after the FOMC kept interest rates unchanged as expected. The dollar also found support after the FOMC raised its core inflation forecast for this year, a hawkish factor for Fed policy. The dollar fell back...

The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year, though more policymakers forecast fewer cuts

The Federal Reserve kept rates steady on Wednesday, but members cut their growth target for the year

Officials raise inflation forecast to 2.7% this year, as Fed chair Jerome Powell says uncertainty is ‘remarkably high’

Outlooks for the U.S. economy continue to be opaque due to the president’s shifting tariff policies.