The Latest Breaking News from the Federal Reserve

The PPI print follows the May consumer price index (CPI) reading, which came in lower than expected.

Bitcoin price, ethereum dive below key levels to three-month lows after the Federal Reserve rate decision. NFT interest dwindles.

June S&P 500 futures (ESM23) are down -0.29%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.57% this morning after three major U.S. benchmark indices finished the regular session mixed as hawkish signals from the Federal Reserve weighed on sentiment, while investors also awaited key U.S. retail sales data.

The Fed stood pat on interest rates this time around but the central bank's hawkish outlook made for a volatile afternoon.

The Federal Reserve’s move to leave its benchmark rate at about 5.1% suggests that it believes the much higher borrowing rates it’s engineered have made some progress in taming inflation.

Greedflation may force the Federal Reserve to keep interest rates “higher for longer” to fight inflation, pushing the economy into recession.

The Federal Reserve stood pat on interest rates but left the door open to future hikes.

After 10 consecutive rate increases, the Fed has decided to hold interest rates steady. Here's what it means for savings rates.

The Federal Reserve expects to hike its key rate two more times, delivering an unwelcome surprise to Wall Street. The S&P 500 fought back.