The Latest Breaking News from US Federal Reserve

Asian markets sank Thursday and the dollar held gains following a severe sell-off on Wall Street that came after the Federal Reserve halved its rates outlook and boss Jerome Powell warned officials' focus was back on fighting inflation.

BlackRock chief investment officer Rick Rieder calls it a "new phase" of the rate-cutting cycle.

The dollar index (DXY00 ) Wednesday rose by +1.04% and posted a 2-year high. The dollar rallied Wednesday after the FOMC signaled only 50 bp of interest rate cuts next year, down from a September projection of 100 bp of rate cuts. The dollar also moved higher after the FOMC...

The Federal Reserve cut interest rates as expected, but the future path of borrowing costs became more opaque.

US housing market faces challenges with slow sales due to high prices and mortgage rates. Federal Reserve Chair Jerome Powell expressed concern over the we...

Learn about the Federal Reserve's decision to hold interest rates in December and the rationale behind it.

Federal Reserve revises inflation forecast to 2.5% post-Trump's win, citing concerns about policy impacts on prices and economy.

Federal Reserve's latest policy statement hints at a reserved stance on interest rates, emphasizing the need for further evaluation before potential rate cuts.

The final rate cut of 2024 had been widely expected by economists and investors