The Latest Breaking News from US Federal Reserve

The Federal Reserve kept its key interest rate unchanged on Wednesday, brushing off President Donald Trump’s demands to lower borrowing costs, and said that the risks of both higher unemployment and higher inflation have risen, an unusual combination that puts the central bank in a difficult spot.

Asian shares are rising moderately after a lackluster finish on Wall Street, with most shares ticking higher after the Federal Reserve left its main interest rate unchanged, as was widely expected

Asian stocks extended their rally Thursday on hopes for an easing of trade war tensions as China and the United States prepare for weekend talks and after Donald Trump flagged a "major trade deal" later in the day.

The Fed chair noted that Trump's upcoming tariffs could lead to inflation and increased unemployment

Fed Chair Jerome Powell said the central bank hasn’t faced such a scenario in a “long time.”

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.39%. June E-mini S&P futures (ESM25 ) are up +0.36%, and June E-mini Nasdaq futures...

The Federal Open Market Committee said it "judges that the risks of higher unemployment and higher inflation have risen."

The business of business continues apace on continuing hope for reduced trade-related uncertainty.

The dollar index (DXY00 ) Wednesday rose by +0.48%. The dollar posted moderate gains on Wednesday on hopes of easing US-China trade tensions after the two countries agreed to trade talks this weekend for the first time since President Trump imposed tariffs on US trading partners. Also, Wednesday’s US economic...

The central bank will hold steady amid economic uncertainty driven by tariffs.

Central bank says ‘uncertainty has increased’ as it opts to maintain benchmark interest rate for third time in a row