The Latest Breaking News from US Federal Reserve

WASHINGTON — Treasury Secretary Janet Yellen expressed confidence in the Federal Reserve’s fight against inflation and said she doesn’t see any sign that the U.S. economy is in a broad recession.

Inflation is sky high. The Federal Reserve wants to bring it back to earth without crashing the economy. But achieving a so-called "soft landing" and avoiding a recession is easier said than done.

Indian equity markets recorded their best weekly performance during the session till Friday, supported by renewed buying, especially in banking and IT stocks as well as the return of foreign investments into the Indian markets after months. Read more on Dynamite News:

Despite concerns over tightening monetary policy to battle against the high inflation and a potential recession, an unexpected resiliency in consumer spending, an improving job market, and a better-than-expected corporate season are restoring the investors' confidence. However, since the market volatility is not expected to reduce anytime soon, dividend-paying stocks…

Even as the Indian rupee has fallen sharply against the U.S. dollar, the rupee’s depreciation has been relatively lower unlike previous times

What are 25 basis points worth? What message does a quarter percentage point rise in short-term interest rates send to investors, companies and consumers?

Ahead of the Fed’s July rate hike, markets seem volatile. Given the viability of value investing during such times, quality value stocks Intel (INTC), Micron Technology (MU), AbbVie (ABBV), and Cisco Systems (CSCO) could be solid picks to navigate a volatile environment. Keep reading….

In the Texas oil patch, average pay has always been higher than in most industries, and it’s apparently rising fast, according to a June energy survey by the Federal Reserve Bank of Dallas.

From stagflation to cost relief in six months — that's the new picture of the housing market that has emerged in just the last few weeks. And to the extent housing has been a microcosm for the pandemic-era economy, the cooldown will present new challenges and opportunities over the next…

Global economy watchers and market participants will be paying a lot of attention next week to how the Federal Reserve describes the U.S. economic outlook, to the magnitude of its interest rate increase and whether it changes the pace of its balance-sheet contraction. Yet for the well-being of the U.S.…

Asian shares are mixed after another day of gains on Wall Street amid a deluge of news about the economy, interest rates and corporate profits