"Federal Reserve"

The Federal Reserve raised its target interest rate by three-quarters of a percentage point on Wednesday to stem a disruptive surge in inflation and projected a slowing economy and rising unemployment in the months to come.

The Federal Reserve on Wednesday (May 4) raised its overnight interest rate by half a percentage point, the biggest jump in 22 years, and the U.S. central bank's chief made an appeal to Americans to hang tough while officials take the hard measures to bring it under control.

The milestone of 30 trillion dollars in debt should be "a giant red flag for all of us about America's future economic health, generational equity, and role in the world," an expert said.

The Federal Reserve made its strongest move yet signaling a pivot toward tackling inflation on Wednesday, moving up the timeline for what policymakers project could be three interest rate hikes next year.

Stocks rallied on speculation that the Federal Reserve will effectively combat surging prices without choking off economic growth.

As the Federal Reserve gets ready to wrap up its final meeting of the year, another report showing inflation running hot sank some of the most-expensive pockets of the stock market.

Gold edged lower as investors weighed mixed labor data from the U.S., the Federal Reserves hawkish tilt and the threat of the omicron variant to global growth.

Jerome Powells pivot toward a quicker withdrawal of stimulus paves the way for a more agile Federal Reserve in 2022, one thats willing to raise interest rates faster than expected if inflation lingers or hold back if the pandemic worsens.

Stocks climbed as investors shrugged off tapering concerns highlighted in minutes of the Federal Reserves last meeting. The dollar gained and the Treasury yield curve flattened as short-end rates rose.

The Federal Reserve will start easing its vast support for financial markets this month, marking a highly anticipated policy change as central bank leaders grapple with major price increases in some parts of the economy but plenty of room to grow in the labor market.

Federal Reserve officials meet this week as consumers and companies fret the U.S. economy is facing the most widespread supply crunch since the oil crisis of 1973.

Gold climbed from the lowest in almost seven weeks as Treasury yields eased following dovish commentary from Federal Reserve Chair Jerome Powell.