The FOMC said that "in recent months, there has been a lack of further progress" on lowering inflation to the Fed's 2% goal.

Fed keeps rates unchanged, flags 'lack of further progress' on inflation The US Federal Reserve is widely expected to hold interest rates between 5.25 perc ent and 5.50 per cent at the end of its ...

An eagle tops the US Federal Reserve building's facade in Washington, July 31, 2013. [Photo/Agencies] WASHINGTON -- The US Federal Reserve on Wednesday left interest rates unchanged at a 22-year high ...

The U.S. Federal Reserve on Wednesday left interest rates unchanged at a 22-year high of 5.25 percent to 5.5 percent as recent consumer data indicates that inflation continued to tick up.

The Federal Reserve Open Market Committee is keeping its federal funds target range to 5.25% to 5.50%. In its statement, members say, "Inflation has eased over the past year but remains elevated. In ...

The Fed cited elevated short-term inflation risks, and they’re maintaining their cautious stance, which means, interest rates ...

(Updated at 2:24 p.m. ET/1824 GMT) By Chuck Mikolajczak NEW YORK, May 1 (Reuters) - A gauge of global stocks fell on Wednesday while the dollar dipped against a basket of peers after the Federal ...

Investing.com-- The Reserve Bank of New Zealand kept interest rates steady as expected on Wednesday, but flagged a potential delay in interest rate cuts due to headwinds from sticky inflation.

The Japanese yen remained fragile after reversing a bulk of its gains made on likely currency market intervention by the ...

The rupee was trading in a narrow range and appreciated 3 paise to 83.25 against the US dollar in e… ...

At 04:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded ...