The Latest Breaking News from US Federal Reserve

Asian shares are mostly higher as investors turn their attention to what the Bank of Japan might decide on monetary policy later this week

Rolling coverage of the latest economic and financial news

Futures were mixed a day after the Fed's hawkish shift. Broadcom jumped on earnings. Tesla soared as Elon Musk said he expects to win the Tesla pay vote.

While seven Fed officials are projecting one rate cut this year, four see no cuts, and eight see two cuts in a sign of a divided central bank.

The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.85%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +1.33%. Stock indexes Wednesday settled mixed, with the S&P 500 and Nasdaq 100 posting new...

Stocks had a mixed day as investors analyzed inflation data and Fed's rate projections, with Dow down, S&P up, and Nasdaq hitting records.

The May CPI report came in better than expected, but the Fed still lowered its rate-cut expectations for the year.

The dollar index (DXY00 ) Wednesday fell by -0.57%. The dollar retreated Wednesday after the US May CPI rose less than expected, boosting expectations for Fed easing later this year. Also, Wednesday’s rally in the S&P 500 to a new record high reduced liquidity demand for the dollar. The dollar...

Federal Reserve's high lending rate impacts borrowers, savers benefit, explore relief options.