The Latest Breaking News from US Federal Reserve

The Federal Reserve raised interest rates by 75 basis points — the biggest increase since 1994 — and Chair Jerome Powell said officials could move by that much again next month or make a smaller half-point increase to get inflation under control.

Federal Reserve officials raised their main interest rate by three-quarters of a percentage point — the biggest increase since 1994 — and signaled they will keep hiking aggressively this year, resorting to drastic measures to restrain the rampant inflation they failed to forecast.

The Federal Reserve raised its target fed funds rate by 0.75% on Wednesday to a new range of between 1.5% and 1.75%, its largest interest rate hike in 28 years.

Americans will feel the effects across their financial lives, from their savings accounts to debt repayments.

Fed confirms 0.75 percentage-point increase as Americans across country hit hard by rising prices and shortages of key items

The Federal Reserve raised interest rates by three-quarters of a percentage point Wednesday in an effort to combat stubbornly high inflation. It's the biggest rate increase in 28 years.

In today’s labor market, negotiating power is on the side of the laborer. There are 2 job openings for every unemployed person in the United States, heavily skewing the labor supply/demand curve in favor of the supply side. But that will be quickly coming to an end as that dislocation…

The SPDR S&P 500 ETF Trust (NYSE: SPY) rebounded a bit from its early week downturn on Wednesday morning ahead of a critical Federal Open Market Committee interest rate decision at 2 p.m. ET. 

Despite the Nasdaq bouncing 0.21% yesterday and both the S&P 500 and Nasdaq futures showing gains this morning, Bitcoin (CRYPTO: BTC) continues to plummet. What are the factors contributing to this extreme sell off?

Concerns over surging inflation and the Federal Reserve’s continuous efforts to fight it by raising the interest rates have caused the S&P 500 to enter bear market territory. However, the recent market correction could be an opportune time to scoop up shares of beaten-down yet fundamentally sound stocks Meritage Homes…

Home sellers are increasingly cutting their asking prices as buyers, constrained by higher mortgage rates and overall inflation, have become less willing to jump into the housing market at any cost.