The FOMC said that "in recent months, there has been a lack of further progress" on lowering inflation to the Fed's 2% goal.
The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as recent consumer data indicates that inflation continued to tick up.
The Federal Reserve on Wednesday emphasized that inflation has remained stubbornly high in recent months and said it doesn't plan to cut interest rates until it has "greater confidence" that price ...
May 1 (UPI) --The Federal Reserve Wednesday voted to keep interest rates unchanged, in line with expectations as inflation remains above the central bank's 2% threshold. The Federal reserve's ...
The US Federal Reserve should keep interest rates at their current elevated levels for longer than previously expected due to disappointing recent inflation data, a senior bank official said Monday.
The Federal Reserve’s recent decision to keep policy rates unchanged during its May meeting marks the sixth consequent month ...
The Fed cited elevated short-term inflation risks, and they’re maintaining their cautious stance, which means, interest rates ...
The Federal Open Market Committee of the US Federal Reserve announced that it had decided to keep the target range for the ...
NZD/USD received support as RBNZ maintained the interest rate at 5.5% as inflation remained elevated. RBNZ is expected to ...
The Australian Dollar (AUD/USD) dipped to 0.6600 from 0.6620 after the RBA kept the cash rate unchanged at 4.35%. While the move was widely expected, a firmer Greenback weighed on the Aussie Battler.
An eagle tops the US Federal Reserve building's facade in Washington, July 31, 2013. [Photo/Agencies] WASHINGTON -- The US Federal Reserve on Wednesday left interest rates unchanged at a 22-year high ...