Financial markets are coming to grips with the possibility that global interest rates may not go much lower and advanced economies like the US and Australia will be prone to higher inflation in a ...

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Bitcoin's price dipped Wednesday after Federal Reserve Chairman Jerome Powell said the central bank is not looking to hold the digital currency and signaled a more cautious approach to rate cuts ...

Federal Reserve Chair Jerome Powell's press conference did little to soften the stock market’s slide. The Dow was down 780 points, or 1.8%, after Powell wrapped up the question and answer ...

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.

Yields on 10- and 30-year U.S. government debt finished at their highest levels since May on Wednesday, after the Federal Reserve pulled back on the number of interest-rate cuts it foresees for ...

WASHINGTON (Reuters) -The U.S. central bank cut interest rates on Wednesday, as expected, but Federal Reserve Chair Jerome Powell said more reductions in borrowing costs now hinge on further ...

Expectations that the Federal Reserve would cut its benchmark interest rate yet again became a reality on Wednesday when the Fed did just that, issuing a 25 basis point reduction. That brings the ...

The Federal Reserve cut interest rates by a quarter of a percentage point Wednesday, in line with market expectations, even as inflation has reaccelerated over the past two months. Fed officials ...

The nation's central bank cut interest rates in its final decision of 2024. On Wednesday, the Federal Open Market Committee announced an interest-rate cut of 25 basis points, the third rate cut ...

U.S. stocks on Wednesday slumped after the Federal Reserve projected higher inflation and fewer rate cuts in 2025. The estimates came after the central bank announced a quarter-point rate cut, as ...

For the past few years, investors have been hyper-focused on Federal Reserve Chair Jerome Powell as he clamped down on the economy to fight inflation and then began to ease off. Next year, market ...