The Federal Reserve cut interest rates by a half-percentage point Wednesday and is projecting another half-percentage point ...

Spot gold rose 0.3% to $2,593.31 an ounce, while gold futures expiring in December rose 0.2% to $2,618.40 an ounce by 00:43 ...

Powell indicated the Federal Reserve will ... global policy makers expressed concern over the Federal Reserve’s stimulus campaign and the possible consequences when it ends.

US official interest rates are due to be reduced by 25 basis points from the current range of 5.25% to 5.50%, almost ...

The cut came in at the high end of expectations and marks a turnabout for a Fed that has been fighting inflation since 2022.

Just a month ago, Fed Funds futures were pricing at a 53% chance of a 50-basis-point cut. By midweek, that number had dropped to a paltry 10%, only to shoot back up to 50% by Friday afternoon, spurred ...

Top Federal Reserve officials and Wall Street economists blame a confluence of factors for the worst U.S. inflation since the 1980s, but Fed Chairman Jerome Powell acknowledged government stimulus ...

The Trump and Biden administrations, as Powell noted, also pumped trillions of dollars in the economy with payouts to most families and businesses. The federal stimulus added to the surge in ...

Powell also explained why he believes the Fed seemingly has been able to achieve ... At the same time, Americans hunkered down at home and, flush with stimulus checks, bought massive amounts ...

a large number of employees leaving the workforce and substantial government stimulus. The trajectory outlined by Powell stands in stark contrast to his remarks at last year's Jackson Hole conference, ...