The Latest Breaking News from US Federal Reserve

The central bank acknowledged the crisis will likely weigh on economy

The Federal Reserve raised its benchmark interest rate by a quarter percentage-point in an effort to curb high inflation. Some had called for the Fed to wait after two recent bank failures.

Wood's ARK had a terrible 2022, and just like last year, the fund's future largely depends on what the Fed does next.

The banking crisis and the Fed’s determination to cool inflation with higher interest rate hikes are likely to tip the economy into a recession. Amid this backdrop, it could be wise for investors to focus on their long-term portfolios and buy fundamentally strong stocks Broadcom (AVGO), Coca-Cola (KO), and Casey’s…

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