Price and wage trends point to the Fed hitting its target this year, but whether it gets there now depends on Trump.
The Federal Reserve said Friday that it is leaving an international grouping of central banks that focused on how the financial system could help combat climate change.
The economy rebounded strongly from the COVID shock, but the U.S. continues to grapple with a cost-of-living crisis and spiraling federal debt.
As President-elect Donald Trump prepares to return to the White House, the U.S. dollar has, by some measures, never been stronger.
Trump advisers were weighing whether to strip Michael Barr of his leadership role at the Fed, but Barr stepped down from the job Monday.
The recent price behaviour of gold has underlined its importance as a safe-haven asset even at a time of rising currencies and a shifting macroeconomic scenario. Gold prices on COMEX had touched a near one-month high on Friday on uncertainty over the monetary policy of the Federal Reserve and over US President-elect Donald Trump’s tariff
Wall Street closed higher ahead of Trump's inauguration on Monday. Investors expect a flurry of executive orders, including on crypto and TikTok.
The Federal Reserve hiked interest rates to two-decade highs ... While the FOMC announced a 50 basis point cut in September, Democrats still lost the White House and control of the Senate and failed to capture a majority in the House.
More immediately, however, the rise in Treasury yields is hammering investor calculations for U.S. stocks, which are based in part on the so-called risk-free rate (and slump lower when rates move higher), as well as bets the Fed will reduce its benchmark lending rate over the first half of the year.
President-elect Trump and Republican majorities in Congress are planning to pursue an ambitious tax cut plan, but some GOP lawmakers warn rising bond yields could dampen those efforts.
Joe Biden's top economic adviser opens up on harrowing moments from her time in the White House, and what makes her nervous about the Trump agenda.
Donald Trump, the self-styled bitcoin and crypto president, will reportedly issue several crypto-related executive orders on his first day back in the White