The Latest Breaking News from US Federal Reserve

Fed announces rise to a range of 4.75% to 5% – its ninth consecutive rate rise and the highest rate since 2007

The Federal Reserve raises the interest rate for the ninth consecutive time in an attempt to tamp down inflation while also dealing with multiple bank failures

The most influential central bank in global finance is expected to hike rates even after banking sector chaos

The recent banking turmoil caused by high-profile bank failures, renewed recession fears, and uncertainty over the Fed’s next move have significantly affected investor sentiment. Amid an uncertain market backdrop, it could be wise to buy and hold fundamentally sound, dividend-paying stocks Oracle Corporation (ORCL), CVS Health (CVS), and Humana (HUM)…

US central bankers must decide whether to push on with monetary tightening, or pause rate hikes amid banking turmoil

Asian shares are higher after stocks rallied on Wall Street, including the banks most beaten down by the industry's crisis

SYDNEY: Most Asian currencies were tepid on Wednesday, with the Philippine peso falling most, as investors await the conclusion of the Federal Reserve's (Fed) policy meeting for clarity on the future United States rate path.

While inflation remains high, traders are now uncertain if Bank of England and US Federal Reserve will hike rates – and how much

The Federal Reserve is grappling with a hazier economic picture clouded by turmoil in the banking industry and still-high inflation just as it meets to decide whether to keep raising interest rates or declare a pause