The Latest Breaking News from Powell

The Dow Jones closed higher after a key decision from the Federal Reserve to raise rates by 75 basis points, the largest move since 1994.

"Respect the Fed and its independence," Biden said on Tuesday.

The rally, after a dreadful month, suggests many had thought the Fed would threaten even harsher rate hikes in the future.

On Wednesday, the Federal Reserve is expected to raise interest rates by half of a percentage point and announce the start of reductions to its $9 trillion balance sheet as U.S. central bankers work to combat high inflation.

The S&P 500 traded lower for the third week in a row as investors brace for a potential 0.5% interest rate hike by the Federal Reserve.

I was a mere child in the 1970's, but as a student of history I have learned about the difficulties for the public and the economy during that decade.  Long gas lines, extremely high inflation, high unemployment were just the most visible problems. During the Ford Administration, buttons were passed…

Miranda Quigley, 54, and her husband moved into a one-bed one-bathroom flat in the Barbican in September, leaving behind their Hertfordshire family home - which boasts stunning features including a swimming pool and massive garden

The entire council, some 51 seats, is set to be elected in an 'all out' poll on May 5

U.S. indices finished higher Tuesday amid strength in Nike Inc (NYSE: NKE) following third-quarter earnings. Investors also weighed Monday comments from Fed chair Powell suggesting the Fed would take necessary steps to curb inflation.