The Latest Breaking News from US Federal Reserve

U.S. policy makers aren't likely to take action to slow the dollar's rapid rise despite rising risks of global financial turmoil, analysts say, largely because a strong greenback helps fight domestic inflation.

The United Nations Conference on Trade and Development is calling on central banks in major economies to reverse course on raising interest rates, stating that it is leading the world into a global recession and prolonged stagnation.

CEO Ulrich Koerner moved to calm fears by saying the banking giant has a “strong capital base and liquidity position”

The Fed is expected to continue hiking interest rates aggressively until inflation comes under control. Although the central bank’s hawkish stance is raising recession worries, some believe there are chances of achieving a soft landing. Given the uncertainties, investing in quality stocks trading at low prices could be rewarding. Fundamentally…

The Fed’s aggressive monetary policy stance has significantly weighed on investors’ sentiment this year. With the Fed hinting at further rate hikes in the upcoming months, the odds of a recession have increased. Given this backdrop, we think it could be wise to avoid the most active stocks on Wall…

Australian shares have fallen on Monday, as investors fretted that aggressive interest rate hikes to bring down red-hot inflation would tip the global economy into recession.

Industry leaders have called on the government and related authorities to do more to prevent the depreciation of the baht and mitigate the impact of the Bank of Thailand's latest policy rate hike.

Prices still up over 2021

For much of the last decade, the Fed was desperate to invigorate a stagnant labor market, especially from a wage perspective. To this end, it added trillions in liquidity to the global economy which had secondary effects of bubbles in all sorts of assets. Yet, the Fed was mostly unsuccessful…