The latest data from the International Monetary Fund show the dollar's share of foreign exchange reserves edged lower to 57.7% in the first quarter from 57.8% in the fourth quarter of 2024. The share ...

Slashing government interest rates could have the paradoxical effect of raising the interest rates paid in the real world.

Although Trump thinks Powell is “the Worst Federal Reserve Chairman in History" the Fed chair and his colleagues probably are listening to the president's arguments in favor of a lower rate.

WASHINGTON — The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said Tuesday, a stance directly at ...

The Cleveland-based steelmaker's stock rallied 14% to $10.81 a share, its highest level since February. The stock has now gained about 58% from its closing price of $6.86 a share on April 8, shortly ...

In the week ahead, 112 S&P 500 companies are set to report quarterly results, with earnings season in full focus as the ...

Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce borrowing costs ...

One of the chief reasons the Federal Reserve should cut interest rates now, a top central banker argues, is because the U.S. economy has gotten weaker and is likely to stay weak for the rest of the ...

The central bank is poised to hold interest rates steady this month, but there could be a path to cut as early as September.

Two of the Fed's 19 policymakers have said they believe a July rate cut could be appropriate; others have signaled they ...

Some investors had clung to a bit of hope that the Federal Reserve would cut interest rates at its next meeting on July 30.

Federal Reserve governor Christopher Waller said Thursday that the central bank should consider cutting interest rates at its ...