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 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’s interest rate decision follows yesterday’s official figures from the US Bureau of Labor Statistics which showed that US headline inflation dipped to 3.1% in November from 3.2 ... both are ...
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 ...
FEDERAL Reserve chair Jerome Powell said the US central bank needs to be patient as it awaits more evidence that high ...
The Bank of England has kept its main U.K. interest rate at a 16-year high of 5.25% with several policymakers still worrying ...
The Mexican Peso (MXN) breaks higher in its most heavily traded pairs in the aftermath of the Bank of Mexico (Banxico) policy ...
NZD/USD received support as RBNZ maintained the interest rate at 5.5% as inflation remained elevated. RBNZ is expected to ...
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 ...