The Latest Breaking News from US Federal Reserve

The most controversial task of the panel reviewing the Reserve Bank will be to decide whether Governor Philip Lowe committed a sackable offence.

Higher mortgage rates have sent home sales tumbling

Another ‘unusually large’ hike possible to tackle inflation, depending on data, but increases will likely slow, says Fed Chair Powell

U.S. stocks traded higher toward the end of trading, with the Dow Jones gaining more than 150 points on Wednesday.

A series of rate hikes, intended to bring down inflation, have increased the risk the United States will fall into recession.

For 14 years, the federal funds rate has hovered around zero. The Federal Reserve or “Fed” maintained these low rates to stimulate the economy during two steep market downturns: the 2008 Great Recession and the 2020 COVID-19 pandemic sell-off.

The Fed raised rates in the U.S. multiple times in 2022, including this week's 0.75% increase. Recent history shows that raising rates is nothing new; however, long-term analysis shows the historic rate increase in June was unprecedented.

Gold has underperformed the greenback this year. However, if the Fed nears the end of its rate hike cycle due to deepening signs of an economic slowdown, the precious metal might find support as a hedge. Hence, the stocks Centerra Gold (CGAU) and B2Gold (BTG) might be worth their weight…

The U.S. economy may have eked out modest growth in the second quarter, skirting back-to-back quarterly contractions, but rising at a tepid enough pace to feed concerns of an eventual downturn.

The Federal Reserve is expected to announce Wednesday another aggressive interest rate increase as the central bank presses its attack on inflation despite rising risks of triggering a recession.

WASHINGTON — In the most aggressive back-to-back interest rate increases since the early 1980s economic crisis, the Federal Reserve on Wednesday announced another three-quarters of a percentage point hike and signaled that it wasn’t done in its effort to beat back inflation despite rising risks of triggering a recession.