US Federal Reserve Chair Jerome Powell: the US central bank dropped a previous reference in its policy statement that was considered a sign for future rate cuts

The Federal Reserve on Wednesday cut interest rates for the third time this year in a move to ensure the US economy weathers a global trade war withou(...)

Federal Reserve chairman Jay Powell. The Fed’s one-notch cut to interest rates was in line with the expectations of investors and economists. Photograph: Getty

The Federal Reserve cut US interest rates by 25 basis points, to a range of 1.75 to 2 per cent and signalled that it could stop there despite uncertai(...)

US president Donald Trump has repeatedly harangued Fed chairman Jerome Powell for not doing enough to help his administration’s efforts to boost economic growth. File photograph:  Nicholas Kamm/AFP/Getty Images

The US Federal Reserve cut interest rates on Wednesday for the first time since 2008, citing concerns about the global economy and muted US inflation,(...)

Amazon employees pack a model elephant in special packaging at the Amazon logistic and distribution center. The United States’ strong run of uninterrupted jobs growth came to a near halt in February,  department of labour data showed. Photograph: Friedemann Vogel/EPA

The United States’ strong run of uninterrupted jobs growth came to a near halt in February, but wage growth held steady, offering evidence that the la(...)

US Federal Reserve chairwoman Janet Yellen on Wednesday, when the central bank announced it will hold rates.  Photographer: Pete Marovich/Bloomberg

A heavily divided Federal Reserve left short-term interest rates unchanged on Wednesday but said the case for a rate increase “has strengthened”, in a(...)

Gold prices are on the up but may drop to about $955 in the fourth quarter and average around $1,000 over the full year according to estimates. Photograph: Bloomberg.

It’s been a scary start to 2016 for global markets and investors are responding by buying more gold than at any time in the past year. In the past fi(...)