The Latest Breaking News from US Federal Reserve

Even with the pause, Fed officials suggest further increases may come depending on how close economy gets to 2% inflation target

U.S. price pressures slowed in May, supporting the case for the FOMC today to pause their rate-hike campaign. The federal funds futures market is discounting only a 10% chance of a +25 bp FOMC rate hike today. The U.S. May CPI eased to +4.0% y/y from +4.9% y/y in Apr,...

The Federal Reserve’s likely decision Wednesday afternoon to leave interest rates alone for the first time in 11 meetings will raise hopes that it may be nearing the end of its rate-hiking campaign to cool inflation

Economists weigh in on interest rates and new research that points to labor costs having a small effect on overall inflation.

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June S&P 500 futures (ESM23) are up +0.12%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.16% this morning as market participants braced for the Federal Reserve’s interest rate decision while also awaiting crucial U.S. PPI data.

Inflation is finally falling. Although the year-over-year inflation rate is still over 4%, well above the Federal Reserve’s 2% target, much of that reflects especially large price increases from last summer. As those unusual months cycle out of the data, the rate will likely keep dropping.

UK economy has bounced back from March’s contraction, but experts fear rising interest rates will cause recession

Asian stock markets are mixed after a cooler reading on U.S. inflation fueled hopes the Federal Reserve will postpone a possible interest rate hike