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.

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 ...

With the Fed's Open Market Committee meeting next week, the CME Group's FedWatch Tool is projecting the Fed will continue to ...

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 ...

The Federal Reserve debate continued. Former Fed governor Kevin Warsh, a potential nominee to succeed Chair Jerome Powell, ...

WASHINGTON (Reuters) -Federal Reserve Governor Chris Waller, an advocate for an immediate interest rate cut, said on Friday ...

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 ...