The decision is the culmination of months of debate among Fed officials about the level of support the world’s largest economy needs as price pressures begin to extend beyond the sectors most sensitive to the post-pandemic reopening. Photograph: Daniel Slim/AFP via Getty

The Federal Reserve said it would begin scaling back its massive $120 billion (€104 billion) monthly bond-buying programme this month, a critical mile(...)

New Federal Reserve projections suggest at least one more interest rate increase is expected than officials had predicted in June. Photograph:  Daniel Slim/AFP via Getty

Federal Reserve officials expect to raise interest rates at least three times in 2023 and are preparing to start withdrawing the US central bank’s en(...)

Jermoe Powell: ‘In coming meetings, the committee will continue to assess the economy’s progress toward our goals.’ Photograph: Susan Walsh/AFP

The Federal Reserve on Wednesday brought forward its projections for the first post-pandemic interest rate hikes into 2023 and opened the debate on wh(...)

An employee of a gas station adjusts gasoline pump prices in Arlington, Virginia. US consumer prices spiked last month. Photograph: AFP via Getty

US consumer prices accelerated by the most in nearly 13 years in May as pent-up demand combined with higher prices for goods to stoke concerns about i(...)

US Federal Reserve chairman Jerome Powell.

Federal Reserve officials sharply upgraded their growth forecasts for the world’s largest economy but signalled that they expected to keep interest ra(...)

The Fed described a weakening in the recovery as the US suffers through the latest wave of coronavirus infections, which led to net job losses in December and weakness in other economic data. Photograph: AFP via Getty

The Federal Reserve held its main interest close to zero and its asset purchases steady as it sought to maintain a massive dose of support for the US (...)

Both Wall Street indices gained on Tuesday. Photograph: The New York Times

European equities drifted on Wednesday ahead of a monetary policy decision from the US Federal Reserve, while the Chinese currency touched a fresh 16-(...)

Photograph: iStock

US equity futures drifted lower in a muted start to the third quarter as investors mulled downbeat economic data and fresh warnings about the spread o(...)

Jerome Powell, chairman of the US Federal Reserve, speaks during a virtual news conference seen on a laptop computer in Arlington, Virginia, on June 10th. The Federal Reserve put a floor under its large-scale asset purchases and projected interest rates will remain near zero through at least 2022 as policy makers seek to speed the economy’s recovery from the coronavirus recession. Photograph: Andrew Harrer/Bloomberg

Federal Reserve officials predicted that they would keep interest rates close to zero until at least the end of 2022, as the US central bank said it r(...)

Federal Reserve chairman Jay Powell has warned that a full US economic recovery may take until the end of next year and require the development of a Covid-19 vaccine. Photograph: Kevin Lamarque/Reuters

Federal Reserve chairman Jay Powell has warned that a full US economic recovery may take until the end of next year and require the development of a C(...)

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