The Latest Breaking News from US Federal Reserve

The Federal Reserve is adjusting interest rates cautiously due to economic growth and inflation concerns.

The UK’s economy is in the spotlight after the inflation rate rose for a second month in a row and a major retailer closed stores in the wake of the Budget.

Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards

Asian stocks are mostly higher ahead of the Fed’s last rate decision this year

Asian markets swung Wednesday ahead of the Federal Reserve's much-anticipated policy announcement, while shares in Japanese car titan Nissan soared more than 20 percent after reports said it was in merger talks with rival Honda.

The ASX200 closed little changed as US central bankers began deliberating on whether to cut interest rates one final time in 2024.

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.61%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.43%. Dec E-mini S&P futures (ESZ24 ) are down -0.48%, and Dec E-mini Nasdaq futures...

A Santa Claus rally is on hold as markets wait for more information about monetary policy.

The dollar index (DXY00 ) on Tuesday rose by +0.08%. The dollar posted modest gains on Tuesday after US Nov retail sales rose more than expected. Also, the weakness in stocks Tuesday boosted liquidity demand for the dollar. Gains in the dollar were limited after US Nov manufacturing production rose...