Retail sales rose 0.4% in December, driven by car sales and furniture purchases, boosting economic growth. Low unemployment ...

Kansas City Fed President Jeff Schmid sounded a similar note of caution about future rate cuts. "My read is that interest rates might be very close to their longer-run level now," he said.

World shares were mixed on Thursday as the U.S. stock market remained closed to observe a National Day of Mourning for former President Jimmy Carter. European stocks w ...

The Federal Reserve Board announced an emergency rate cut on Sunday, March 15, lowering interest rates to near zero. This rate cut comes less than two weeks after the Fed cut interest rates by ...

The US Federal Reserve should proceed cautiously before supporting any future rate cuts, a senior bank official said Thursday, adding that she saw December's rate cut as a final step for now.

Collins noted Fed policy is not on a preset path and that it is currently well positioned for what may come. She also said that she now sees stickier levels of inflation going forward relative to her ...