The Latest Breaking News from the Federal Reserve

One economist has a real problem with the way the Federal Reserve has acted over the past few years.

The price of gold today (GCZ23 ) soared to an all-time high of $2,130.2 an ounce on the COMEX exchange before falling back. Gold prices have climbed more than +16% over the past month from a 9-month low on growing speculation that the Federal Reserve and European Central Bank are...

Taylor Swift and King Charles III are up for 2023 Person of the Year title

A survey shows most business economists think the U.S. economy could avoid a recession next year, even if the job market ends up weakening under pressure brought by high interest rates

Gold hit a fresh record Monday on growing optimism the Federal Reserve will cut interest rates in the new year, with traders shrugging off boss Jerome Powell's attempts to temper expectations.

The rate on a 30-year fixed-rate mortgage has started to fall since peaking in October, despite continuing headwinds.

Inflation is slowing steadily, but it’s too early to declare victory or to discuss when the Federal Reserve might cut interest rates, Chair Jerome Powell said

Asian markets drifted Friday following a mixed day on Wall Street, with data showing a continued fall in US inflation unable to relight the buying that characterised much of November.

Asian markets struggled Thursday following another tepid performance on Wall Street, with focus on the release of key US inflation data that comes as traders ramp up bets the Federal Reserve will cut interest rates next year.

US economic activity has slowed in recent weeks and the labor market has continued to cool, the Federal Reserve announced Wednesday, as it continues its fight against stubborn inflation.

Treasury yields are swooning across the board as the Fed moves toward rate cuts, but the S&P 500 is barely taking note. Here are some things to keep in mind.