Add Yahoo as a preferred source to see more of our stories on Google. The Marriner S. Eccles Federal Reserve Board Building, which is under construction, is seen, Monday, April 7, 2025, through a hole in construction fencing in Washington. - Jacquelyn ...

According to experts, the Federal FOMC's decision to keep rates unchanged has important implications for global monetary policy, including India.

Powell publicly denounced the inquiry as punishment for not bowing to the president’s wishes on interest rates

• The Federal Reserve cut interest rates Wednesday by a quarter point as expected, lowering borrowing costs for the third time this year. • Wall Street rallied after Fed Chair Jerome Powell ruled out the need for any immediate rate hikes. Central bank ...

Learn about the key functions of major central banks and how their policies shape global financial markets and economic stability.

The Federal Reserve cut interest rates for a third time this year, but officials were divided over their next move. Jerome Powell, the central bank’s chair, said “we haven’t made any decision about January.” Note: Data represents the lower, upper ...