The Latest Breaking News from the Federal Reserve

Hong Kong (AFP) - Asian markets mostly fell Thursday as investors shrugged at data showing US inflation dipped further but only marginally, suggesting the Federal Reserve still had much to do in its battle against rising prices.

Hong Kong (AFP) - Asian markets were mixed Thursday as investors shrugged at data showing US inflation fell further but only marginally, suggesting the Federal Reserve still had much to do in its battle against rising prices.

"If you don't trust central authority, then you should see this immediately as something that is very problematic," says the Florida governor.

A lower-than-expected CPI report helps the case for the Fed to pause in its campaign of rate hikes.

The Federal Reserve is the central bank of the United States. It is categorized into three key entities: The Board of Governors determines Fed policies, oversees internal operations, and manages the public-facing Federal Reserve system.The Federal Open Market Committee (FOMC) manages open market ...

Consumer prices in April were 4.9% higher than a year ago, according to the Labor Department. Prices rose 0.4% between March and April.

Staff criticise retail performance, as John Lewis boss pledges group will always remain employee-owned

The US dollar is on the verge of losing its throne as the world's reserve currency, or de-dollarization, is the question that has been agitating geopolitical and economic circles in recent months.

The US dollar is on the verge of losing its throne as the world's reserve currency, or de-dollarization, is the question that has been agitating geopolitical and economic circles in recent months.

The IBD/TIPP Economic Optimism Index slid to a six-month low, as rising layoffs and high interest rates raise the risk of a U.S. recession.

Asian shares are trading mixed as investors take a wait-and-see view on the week ahead that’s full of reports on some of the market’s biggest worries, including stubbornly high inflation across the economy