Tackling soaring inflation in the US is the job of the country’s central bank, known as the US Federal Reserve, or the Fed.

Financial markets figure there is an 86% probability that the FOMC will cut the Federal Funds rate by 0.25 percentage point.

Inflation accelerated in August, according to data released Thursday by the Labor Department, complicating the Federal Reserve’s efforts to balance interest rates amid intense political and ...

RALEIGH, N.C. (WTVD) -- In an effort to fight inflation, borrowing costs are expected to increase as the Federal Reserve raised interest rates by 0.75% It's the third federal interest rate hike in ...

The Fed responded by aggressively hiking the federal funds rate (overnight interest rate), taking it from its pandemic low range of 0% to 0.25% to a two-decade high of 5.25% to 5.5% over an 18-month ...

The Federal Reserve raised its benchmark lending rate by a quarter point Wednesday, lifting interest rates to their highest level in 22 years. It's the 11th rate increase since the Fed began its ...

The Federal Reserve expects to begin cutting interest rates next year, Fed Chair Jerome Powell said at a press conference in Washington D.C. on Wednesday. Policymakers at the central bank believe ...

The Stock Market Thinks a September Rate Cut Is in the Bag. But 2 Obstacles Remain That Could Derail It. Traders in the ...