The Federal Reserve announced Wednesday it will keep interest rates at a 23-year high, after a spate of worse-than-forecasted ...
Members of the central bank’s policy committee voted unanimously Wednesday to hold the crucial fed funds rate at its current ...
The nation’s employers pulled back on their hiring in April, adding a modest 175,000 jobs in a sign that persistently high ...
Fed Chair Powell’s 2:30 p.m. ET news conference will be livestreamed within this story. This story will also be updated with ...
The Fed raised interest rates quickly between early 2022 and the summer of 2023 ... move is likely to be a rate cut and said that a rate increase is “unlikely.” But he demurred when asked ...
The Fed Funds rate stands between 5.25% and 5.5%, matching its highest level since 2001.
But Fed Chair Jerome Powell could provide clues on where he thinks interest rates are headed. Inflation eased substantially last fall. After hitting a 40-year high of 9.1% in mid-2022, annual ...
A couple of tenths of a percentage point increase in the unemployment ... after so many years of paltry interest rates, the Fed’s rate-hike campaign that began in 2022 made it possible for ...
WASHINGTON, May 1 (Reuters) - The U.S. Federal Reserve held interest rates steady on Wednesday ... and while Powell said rate increases remained unlikely, he set the stage for a potentially ...
The decision raises the prospect of turmoil in international currency markets where the Japanese yen has been falling and hit ...
At the time, Powell said an acceleration in price increases ... 2022, CoinDesk reports. Like other investments, bitcoin has been dogged by dwindling hopes for an interest-rate reduction by the ...