The Federal Reserve raised its benchmark interest rate by 0.75 percentage point on Wednesday — the biggest hike since 1994 — to try to curtail today's record-high inflation. While the Fed is ...
Fed's rate cut signal to give BOJ respite in weak-yen battle BOJ Ueda reaffirms rate-hike path ... but could complicate its efforts to raise interest rates if the two central banks' diverging ...
A rapid increase in the unemployment rate this year has surprised the Fed, and the central bank predicts it will rise a bit further. That helps explain why the Fed cut rates aggressively. The Fed ...