The Latest Breaking News from US Federal Reserve

Bank of America Corp (NYSE: BAC) was surging more than 7% off the open on Thursday, in tandem with the general markets, which saw the S&P 500 trading about 2.6% higher.

Although the Software-as-a-Service (SaaS) industry has promising long-term prospects, the persistent interest rate hikes have raised the likelihood of a recession in the near term and have weighed heavily on tech stocks. Therefore, it could be wise to avoid fundamentally weak SaaS stocks Palantir Technologies (PLTR), Twilio (TWLO), UiPath (PATH),…

WASHINGTON: A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest rates even more aggressively to stamp out persistent inflation before it becomes entrenched.

Inflation rate stubbornness will likely spark a further increase to interest rates which could come in early November

The SPDR S&P 500 (NYSE: SPY) turned negative premarket Thursday after the Labor Department reported an 8.2% year-over-year increase in the consumer price index for September, a potential sign that

US Consumer Price data for the month of September will be released later this Thursday, and is expected to stay high. Core prices, which exclude food and energy, are expected to have increased 6.5 percent annually last month, a rate not seen in 40 years. The data will be crucial…

US core inflation hits a 40-year high, triggering expectations of more big rate hikes, as Kwarteng meets IMF leaders in Washington

UK-focused shares are expected to continue their rebound today as hopes grow for a u-turn on some of the tax cuts in chancellor Kwasi Kwarteng’s recent mini-Budget.

Asian stock markets have fallen ahead of the release of U.S. consumer price data that investors worry will show inflation still is hot, reinforcing the Federal Reserve’s plans for more aggressive interest rate hikes