Federal Reserve

Minneapolis Federal Reserve Bank President Neel Kashkari on Thursday said the U.S.

The dollar fought for a footing in choppy trade on Thursday, with support from upbeat U.S. data and hawkish policymaker comments

The dollar closed in on the 140-yen mark not seen since 1998, but an easing in European gas prices helped the euro limit its losses.

The U.S dollar extended its rally on Monday, hitting a five-week high on the yen after U.S.

Climate activists will stage a series of colorful protests at the Federal Reserve's annual Jackson Hole central banking conference that starts Thursday, intent on pressing the Fed to address climate change and move the U.S.

Asian shares got off to a rocky start on Monday while the dollar remained in demand amid concerns most major central banks are committed to raising interest rates no matter the risks to growth.

With the Federal Reserve expected to hike its key interest rate by three-quarters of a percentage point on Wednesday to battle high inflation, focus will shift to how deeply signs of an economic slowdown have registered with its policymakers.

Oil prices dropped on Monday, extending a recent losing streak on concerns that an expected rise in U.S. interest rates would weaken fuel demand.

Central banks around the world are starting to sing from the U.S.

The U.S. Federal Reserve will release the results of its annual bank health checks on Thursday.

Asia's emerging economies are better placed than most other regions to weather a bout of turbo-charged U.S.

Federal Reserve Chair Jerome Powell used his first four years as the world's top central banker to reshape U.S.

Wall Street's three major indexes closed lower on Wednesday as investors bet that the latest economic data would do nothing to push the Federal Reserve off track from its aggressive interest rate hiking cycle aimed at taming run-away inflation.

The euro gave back some of its recent gains on Tuesday, but was still set for its best month in a year as markets reposition in anticipation of interest rate increases in Europe and the possibility of a slower pace of U.S.

Markets have sold off sharply this year on growing worries about an economic slowdown due to aggressive Fed policy moves aimed at reining in surging prices.

The benchmark S&P 500 is down approximately 16% for the year to date, near the 20% decline that typically signifies a bear market.

There are concerns the Fed could raise rates too high and choke off economic growth

The tech-heavy Nasdaq has declined 17.1% year-to-date, compared with a 9.8% drop in the S&P 500 and a 6.3% fall in the blue-chip Dow.

The euro has lost 5% on the dollar in April and just over 7% on the dollar since Russia's invasion of Ukraine on Feb. 24.

The Fed is the world's most influential central bank, and its policies have implications for lending globally.

Crypto prices have been driven higher by both institutional demand and retail buying

The Fed's move comes as other central banks have already lifted borrowing costs or started to tighten the purse strings.

The FOMC will convene as the economy sends mixed signals about two of the central bank's top priorities: employment and prices.

Fears about the much more contagious variant have rattled world markets as it forces some governments to reimpose containment measures

Shares of Apple, Facebook and Amazon all climbed more than one percent, leading to a 0.9 percent jump in the tech-rich Nasdaq Composite Index to 14,161.35.

Analysts said Tuesday's election was good for equities as the expected Democratic sweep of Congress failed to materialise.

The US is in dire need of a fresh rescue package as the disease flares up again, threatening an already stuttering recovery in the world's top economy.

Weekly applications for jobless benefits remain higher than the worst of the 2008-2010 global financial crisis.

Traders have also given up almost any hope for a new US stimulus package being passed before next Tuesday's election.

A key worry is a spike in new virus cases in key economies that have led to containment measures being reimposed.