The last piece of inflation data the Federal Reserve will see before its pivotal December meeting to debate another interest-rate cut showed just a mild increase in wholesale prices even before the government shutdown.

The yen weakened against the dollar on Wednesday, after an initial boost from speculation about a possible Bank of Japan rate hike next month faded, while sterling advanced on a UK budget that offered a larger-than-expected fiscal buffer.

NEW YORK (AP) — The Federal Reserve raised its key rate by a quarter point Wednesday, bringing it to the highest level in 15 years as part of an ongoing effort to ease inflation by making borrowing more expensive. The rate increase will likely make it ...

Some mortgage rate scenarios are more likely to occur than others next year. Here's what borrowers can do in each.

SINGAPORE--The yen rose on Wednesday following a report the Bank of Japan was preparing markets for a possible interest rate hike as soon as next month, while the New Zealand dollar surged after its central bank signaled a likely end to the easing cycle.

To reduce persistently high inflation, the Federal Reserve announced a third consecutive "jumbo" interest hike of 0.75% Wednesday, further increasing the cost of debt for credit cards, vehicle financing and other loans. The fifth-straight increase to the ...

The Federal Reserve on Wednesday raised its benchmark interest rate by a hefty three-quarters of a point for a second straight time in its most aggressive drive in three decades to tame high inflation. The Fed’s move will raise its key rate, which ...

U.S. Treasury Secretary Scott Bessent said on Tuesday the Federal Reserve's system of managing interest rates is struggling and needs to be simplified.

The Federal Reserve is the central bank of the United States and is charged by Congress to maintain a stable economy and financial system. One of the ways the Fed does this is by increasing and lowering the cost of borrowing money. Interest rate cuts are ...