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

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 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 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 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 ...

Until the June 12 meeting, the numerous Fed speakers, the US labour market data and the June CPI report are bound to keep the market on its toes. Barring a considerable worsening in US data, 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 ...