The Latest Breaking News from the Federal Reserve

What will the Federal Reserve and Bank of England do with benchmark interest rates in the wake of the banking crisis? Traditionally, controlling inflation has been the prime mandate of central banks.

Although the Fed might opt for a softer stance on the rate hike at the policy meeting this week, the fears of further aggressive rate hikes later this year remain. This, along with the banking crisis, is fueling recession concerns. Therefore, investing in defensive stocks McDonald’s (MCD), Elevance Health (ELV),…

The travails of Credit Suisse and others have stirred up bad memories for a public still scarred by the financial crisis

Tech thought it was exceptional. Maybe it was all wishful thinking.

The FDIC is still trying to sell the bank, which is having trouble finding a buyer.

Las Vegas resident Michael McCarthy used to visit casinos about five times a month, but now it’s down to once a month for one reason — inflation.

UBS will buy Credit Suisse, but the split market rally is fragile. First Republic kept diving while the Fed is on tap.

When Silicon Valley and Signature banks failed in early March 2023, government regulators rushed in to guarantee deposits and protect bank customers. Under current banking regulations, though, there was no obligation for the government to step in.

It's a familiar cycle: Boom, bust, then bailout. Now everyone is wondering where the financial regulators were