Federal Reserve expected to hold interest rates steady amid high inflation

Traders have sharply downgraded their expectations since 2024 began, when they had expected up to six rate cuts. Read More

Live Updates: Fed Holds Rates, Noting ‘Lack of Further Progress’ on Inflation

The Federal Reserve left interest rates unchanged and Jerome H. Powell, the central bank’s chair, said that gaining greater confidence in bringing down inflation would “take longer than previously ... Read More

Fed Holds Rates Steady at 23-Year High: What the Experts Are Saying

The Federal Reserve struck a dovish pose even as it kept interest rates unchanged for a sixth straight meeting. Read More

Gold recovers as traders await US Federal Reserve policy decision, silver rises 1%

ET (1406 GMT), spot gold climbed 1% to $2,307.88 per ounce, rebounding from its earlier session low, which marked its lowest level since April 5. Meanwhile, U.S. gold futures saw a 0.7% increase, ... Read More

US Dollar get back on track as Fed bets continue readjusting, yields rise

The US Dollar Index (DXY) rose toward 106.25 on Thursday and appears on track to test the November 1 high near 107.10. What is underpinning this rise is the Federal Reserve's (Fed) hawkish stance, ... Read More

Affluent Americans are driving US economy and likely delaying need for Fed rate cuts

Older Americans are benefiting from outsize gains in the stock and housing markets over the past several years, and much of their spending is going toward higher-priced services like travel and health ... Read More

Why you should invest in gold with interest rates paused

uncorrelated to the broader markets gold can act as a safety net helps buoy gold prices have been climbing demand for gold to continue supporting gold prices, ... Read More

Inflation-wary US rate options market cautiously prices for 2024 Fed hike

Options on Secured Overnight Financing Rate (SOFR) futures are showing a higher probability that the Federal Reserve could hike interest rates a quarter percentage point this year and next as U.S. Read More

Powell likely to signal lower inflation is needed before Fed would cut rates

This story will also be updated with today’s F.O.M.C. decision on their key interest rate. WASHINGTON (AP) — The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high ... Read More

Stock market today: Asian shares rise, cheered by last week's tech rally on Wall Street

Asian shares are higher amid optimism over the rally that ended the week on Wall Street, although eyes are on the Federal Reserve policy meeting set for later this week ... Read More

Powell likely to signal that lower inflation is needed before Fed would cut rates

GXO’s nearly $1 billion acquisition of Wincanton follows its billion-dollar ... its bond holdings, other buyers will have to buy the securities instead, and rates might have to rise to attract the ... Read More

Stock market today: Global shares rise, cheered by last week's tech rally on Wall Street

Sydney's S&P/ASX 200 added 0.6% in early trading to 7,621.40. South Korea's Kospi surged nearly 1.0% to 2,681.73. Hong Kong's Hang Seng jumped 1.2% to 17,859.39, while the Shanghai Composite rose 0.6% ... Read More