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The Latest Breaking News from the US Federal Reserve

US Fed Could Open The Door To A September Rate Cut This Week

The US Federal Reserve may signal this week that interest rate cuts are on the way -- although it is widely expected to remain on pause until its next rate decision in September.

International Business Times

Evolve Bank admits cyberattack saw millions of customers have data stolen

LockBit stole sensitive information on more than seven million customers, but Evolve isn't paying up.

TechRadar

Fed's Powell Says US Making 'Modest' Progress On Inflation

The US Federal Reserve is making "modest" progress in its inflation fight, the head of the US central bank told lawmakers Tuesday, on the first of two days of testimony in Congress.

International Business Times

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US Fed Has Made 'Quite A Bit Of Progress' On Inflation: Powell

The US Federal Reserve has made "quite a bit of progress" in its fight against rising prices and could hit its inflation target as soon as next year, Fed chair Jerome Powell said Tuesday.

International Business Times

LockBit hackers lied — they didn't hit the US Federal Reserve after all

The data LockBit apparently stolen from the Fed actually belonged to an actual bank.

TechRadar

Japan signals it may prop up yen after currency falls to 38-year low

Japanese Finance Minister Shunichi Suzuki says authorities watching currency’s slide with ‘sense of urgency’.

Al Jazeera

LockBit hackers claim to have cracked the US Federal Reserve

Some are calling it a bluff, saying LockBit doesn't have the strength to pull off such a hesit.

TechRadar

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US Federal Reserve keeps rates steady despite softer inflation data

The US Federal Reserve has decided to keep its lending rate unchanged at the current 5.25-5.50 percent range and projected just one rate cut this year, despite soft inflation data. But first, the European Commission has informed China that it will impose new tariffs of up to 38 percent on…

France 24

US Consumer Inflation Falls But Fed Opts To Hold Interest Rates

US consumer inflation continued to cool last month, according to US government data published Wednesday, giving the US Federal Reserve some positive news shortly before it announced its decision to hold interest rates at a 23-year high.

International Business Times

US Fed Likely To Remain On Pause And Pare Back Rate Cut Expectations

The US Federal Reserve is likely to keep interest rates unchanged this week, but could pare back the number of cuts it has penciled in for this year, as policymakers digest a mixed bag of economic data.

International Business Times

ECB Cuts Interest Rates Ahead Of US Federal Reserve

European Central Bank cuts interest rates to stimulate economy and consumer spending, reflecting global economic concerns.

Top News

European Inflation Rises To 2.6%, ECB Expected To Cut Rates

European inflation rises to 2.6% in May, prompting ECB to consider interest rate cut ahead of the U.S. Federal Reserve.

Top News

ECB Can Start Cuts Before Fed, Says Finnish Bank Governor

The European Central Bank did not have to take its cues from the US Federal Reserve and could start to lower rates as soon as June, Bank of Finland governor Olli Rehn told AFP. "While we don't make policy in a vacuum, the ECB is not the 13th Federal district…

International Business Times

US Inflation Fight Will Take 'Further Time': Senior Fed Official

The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said Monday.

International Business Times

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International Business Times UK

'Big Short' Investor, Who Predicted 2008 Housing Crash, Buys 440K Units of Physical Gold Fund

Michael Burry's latest Q1 filings show he wagered $7.6 million on gold via a fund that allows him to redeem units in actual physical gold.

International Business Times

Asia Tracks Another Rally On Wall St As US Rate Optimism Lingers

Asian markets built on the latest global rally Tuesday as optimism that the US Federal Reserve will cut interest rates this year continued to breeze through trading floors.

Top News

Czech Central Bank Cuts Interest Rate Amid Economic Recovery

Czech Republic's central bank cuts interest rates for the fourth time due to decreasing inflation and positive economic indicators. Global central banks as...

France 24

US Federal Reserve keeps interest rate unchanged at 5.25%-5.50% as inflation sticks

The US Federal Reserve has decided to keep its benchmark interest rate steady at 5.25 to 5.50 percent. Fed Chairman Jerome Powell said while inflation has eased significantly over the past year, it's still too high, and that while wage growth has slowed down, the labour market remains tight. The…

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International Business Times

US Fed Likely To Keep Rates Steady As Hopes Of Early Cuts Fade

The US Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday, with a summer start to cuts looking less likely owing to stubborn inflation.

International Business Times

US Fed To Meet Amid Dwindling Hopes Of Summer Rate Cuts

The US Federal Reserve is highly likely to keep interest rates unchanged later this week, as policymakers contend with a recent uptick in inflation that has sharply cut the chance of a summer start to interest rate cuts.

International Business Times

'We Are Not Fed-dependent,' ECB Chief Says On Rate Cuts

European Central Bank president Christine Lagarde suggested Tuesday that the regulator could lower interest rates before a similar move by the US Federal Reserve, saying "we are not Fed-dependent."

Top News

Bank Of Canada Expected To Cut Rates Before U.S. Fed

Bank of Canada expected to lead rate cuts ahead of U.S. Federal Reserve in response to global economic concerns and trade tensions.

International Business Times

US Fed Expected To Keep Rates On Hold And Debate Timing Of Cuts

The US Federal Reserve could provide additional clues on Wednesday about how much it will cut interest rates this year, but it is almost certain to leave its key lending rate unchanged for the time being.

International Business Times

US Fed Kicks Off Rate Meeting With Timing Of Cuts Up For Discussion

The US Federal Reserve began two days of discussions on Tuesday at which policymakers are expected to hold firm on interest rates, and continue discussions about when to start cutting them.

International Business Times

US Fed To Provide Fresh Clues On Rate Cuts After Uptick In Inflation

The US Federal Reserve is widely expected to keep its key lending rate unchanged again on Wednesday, as policymakers continue discussions over when to start rate cuts and launch the next phase in their long-running battle against inflation.

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