The Latest Breaking News from US Federal Reserve

Two key U.S. inflation gauges posted larger-than-forecast increases on Friday, heightening concerns that prices will remain persistently high and prompt continued aggressive interest-rate increases from the Federal Reserve.

The stock market seems to be on track to close this month on a positive note as investors now believe that the Fed will end its aggressive interest rate hikes soon. Given the backdrop, we think fundamentally sound stocks Nokia (NOK), Assertio Holdings (ASRT), and Overseas Shipholding (OSG), which are…

The bear market rally has extended further with a strong showing, following the Fed meeting and even more gains in the after-hours sessions due to strong reports from Apple and Amazon. Fortunately, we had been anticipating this and modestly increased our exposure and enjoyed some outperformance. In today's commentary, I…

Amid sky-high inflation and consecutive rate hikes, U.S. GDP witnessed another consecutive decline in the second quarter. However, investors seem to have shaken off recession fears causing U.S. equities to rally. Thus, we think quality growth stocks, Core Molding (CMT), Civeo (CVEO), and Genuine Parts (GPC), could be worth buying…

An inflation gauge that is closely tracked by the Federal Reserve jumped 6.8% in June from a year ago, the biggest increase in four decades, and leaving Americans with no relief from surging costs

Asian shares are mixed as Chinese shares sank after leaders acknowledged the official 5.5% growth target for this year won’t be met

A rally in major coins remained intact on Thursday evening as the global cryptocurrency market cap rose 3.8% to $1.09 trillion at press time.

WASHINGTON — In the most aggressive back-to-back interest rate increases since the early 1980s economic crisis, the Federal Reserve on Wednesday announced another hike of three-quarters of a percentage point and signaled more to come in its effort to beat back inflation despite the risk of a recession.

A late night comedian has taken aim at CNBC host and stock market personality Jim Cramer over his flip flopping on inflation and being wrong on how bad things really are. Here’s what John Oliver had to say.

The drumbeat of recession grew louder after the U.S. economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Federal Reserve interest rate hikes stymied businesses and housing.

Two negative quarters meets the informal definition of recession but many economists disagree