The Federal Reserve is expected to hold its benchmark rate steady at its May 7 meeting. CBS News financial analyst Jill ...

Follow live coverage of the Federal Open Market Committee's May interest-rate announcement and Jerome Powell's press ...

Major Asian markets in China, Japan and South Korea all rose—but by less than 1%. Investors seem to be betting that the Papal ...

Fed decision day means putting the tense relationship between President Donald Trump and Fed Chair Jerome Powell on full ...

Despite pressure from President Donald Trump to slash interest rates, the Fed is expected to stick to its wait-and-see approach.

The U.S. central bank is widely expected to stick to a wait-and-see approach as officials brace for President Trump’s tariffs ...

The Federal Reserve Wednesday was expected to keep interest rates where they are rather than cutting them amid the economic ...

Despite pressure from the White House, Powell is widely expected to hold interest rates steady, according to the CME FedWatch ...

A resilient labour market gives the Fed room to maintain higher rates, even as inflation continues to show signs of softening ...

The duties, Powell acknowledged, could both slow growth and lift prices, which puts the Fed in a tough spot. It would usually ...