Stocks surged late in trading, appearing to respond to the view of William Dudley, president of the Federal Reserve Bank of New York, that next month may be not be the right time to start increasing rates.

US stocks yesterday wiped out most losses suffered in a two-day rout, with shares posting their biggest gains since 2011 as investors shook off concer(...)

People walk by the New York Stock Exchange in New York. Photograph: Kena Betancur/AFP/Getty Images

Federal Reserve policymakers expressed concern about lagging inflation as well as threats to the US economy posed by a stronger dollar and development(...)

 In  March, Fed chairwoman Janet Yellen freed the central bank’s hands to raise rates as soon as yesterday’s meeting but insisted she would not rush to pull the trigger. Photograph: Shawn Thew/EPA

The Federal Reserve is on course for an increase in short-term interest rates as soon as September, as it expressed cautious optimism for the US econo(...)

Low interest rates have spurred a desperate search for yield. This has encouraged investors to buy investment grade, high-yield and emerging market bonds to supplement treasuries and gilts

A growing number of professional investors are warning that bonds are overvalued as fears grow that a fixed income bubble will collapse in a disord(...)

Janet Yellen, of the US Federal Reserve: playing   cards close to her chest. Photograph: Andrew Harrer/Bloomberg

The US Federal Reserve’s Federal Open Market Committee will make an interest rate decision at a critical meeting on Wednesday. While rates are expecte(...)

 Janet Yellen, chairwoman of the US Rederal Reserve: she urged investors not to assume that the central bank will follow a predictable pattern if it drops its pledge to be “patient” before raising rates. Photograph: Kevin Lamarque/Reuters

Janet Yellen kept the US Federal Reserve’s options open on its interest rates tightening policy, urging investors not to assume that the central bank (...)

The Federal Reserve Building in Washington: many officials said they feared a “premature” rise in rates could dampen the apparently solid economic growth and labour market recovery. Photograph: Larry Downing/Reuters

Many United States Federal Reserve members are inclined to keep interest rates low for longer, according to minutes of their January meeting which und(...)

Federal Reserve Chair Janet Yellen. The Reserve said falling energy prices ‘have boosted household spending power’. Photograph: Reuters

The Federal Reserve has signalled it remains on course to raise short-term interest rates this year despite weaker overseas growth and slowing inflati(...)

In recent months the US economy has enjoyed its best run of data since the end of the recession in 2009 as consumers start responding to a plunge in oil prices

The US Federal Reserve sent a strong signal that it expects to tighten monetary policy by the middle of 2015 as it dropped its forecast that it will k(...)

The Federal Reserve has shrugged off a recent bout of market turmoil and concerns about the global economy. Photograph: Andrew Harrer/Bloomberg

The US Federal Reserve is shifting its focus to its first interest rate rise after ending an era of unprecedented asset purchases. In a marked (...)