Federal Reserve

The U.S. bank authority announced the Wednesday move will shift the country's benchmark rate to a range between 1.5 per cent and 1.75 per cent as it tries to tame soaring inflation.
He wouldn't rule out pushing rates beyond 50 basis points all in one sitting, after moving to lift rates by that amount to one per cent just last week, but said he "is prepared to be as forceful as…
The number of Americans applying for unemployment benefits last week fell to its lowest level in 52 years as the U.S.
The Federal Reserve launched a high-risk effort Wednesday to tame the worst inflation since the early 1980s, raising its benchmark short-term interest rate and signaling up to six additional rate…
The Federal Reserve has raised its benchmark interest rate for the second time in three months and signalled that further hikes this year will be gradual.