The Latest Breaking News from US Federal Reserve

Economists like to say interest rates take the elevator down and the staircase back up. The metaphor highlights just how swiftly the Federal Reserve slashes borrowing costs during economic crises — and how gradually the Fed lifts rates when the economy is healing.

Shares are mostly lower in Asia, with only Shanghai rising, after stocks tumbled on Wall Street on expectations central banks will focus on battling inflation with interest rate hikes

More Americans applied for jobless aid last week but the total number of Americans collecting unemployment remains at a five-decade low

It's decision time again for the European Central Bank

Globlex Securities Company Ltd (GBS) recommends buying stocks that will benefit from the legalisation of cannabis, which is due to happen on Thursday.

The nomination of Michael Barr, President Joe Biden’s choice to be the top regulator on the Federal Reserve’s Board of Governors, was approved by a congressional committee and sent on the full Senate

Here’s a wild idea for economists to smile at condescendingly: How about the Reserve Bank stands back and lets this inflation episode run its course.

The White House has gone to great lengths to tout the booming labor market. But stubborn inflation may trump all.

The Federal Reserve’s aggressive monetary tightening to fight multi-decade-high inflation, and the rising odds of a recession, are expected to keep the stock market under pressure for the foreseeable future. Therefore, fundamentally weak stocks could witness a significant retreat. Hence, Goldman Sachs has recently downgraded The Travelers Companies (TRV), Starry…