A unanimous Federal Open Market Committee lifts the benchmark rate to a range of 3.75% to 4%, as stubborn consumer inflation, an energy shock born of the Iran conflict and open White House pressure ...

The OECD raised projections compared with June for consumer-price growth in every Group of 20 economy apart from China and ...

Federal Reserve delivers warning to all Americans with a savings account: ‘There will be a reckoning.’ Are you ready? This article adheres to strict editorial standards. Some or all links may be ...

The rate hike may benefit people with money in savings accounts, certificates of deposit or money market accounts, USA TODAY reported in its coverage of the Fed decision. Banks and credit unions may ...

U.S. Treasury bond yields edged higher on Wednesday, with 2-year notes testing a new cycle high, as traders extended bets on Federal Reserve rate hikes tied to mounting inflation pressures in the ...

There is "an increased likelihood" of inflation staying "notably" above the Federal Reserve's 2% target, Boston Federal ...

Boston Fed's Susan Collins supports the latest quarter-point hike, urges a more restrictive stance, and sees odds of another ...

The Federal Reserve raised interest rates, and markets now price in up to two more hikes by year's end as inflation remains ...

By Michael S. Derby Sept 22 (Reuters) - Boston Federal Reserve President Susan Collins wrote on Tuesday that she supported ...

St. Louis Fed President Alberto Musalem says more rate hikes may be needed to curb persistent inflation driven by strong demand and rising commodity costs.

Richmond Fed President Thomas Barkin warned that temporary shocks spurring inflation this year could drag on and new cost ...

Austan Goolsbee said in a speech in London that the Fed is facing a series of persistent supply shocks that have driven up ...