Powell made clear that Fed policymakers are in no rush to reduce interest rates further, after lowering borrowing costs by a full percentage point in the final months of 2024. Whe

A bond trader appears to have hit the jackpot on a one-day options bet that Treasury yields would climb Wednesday after the Federal Reserve’s decision, potentially raking in millions of dollars in profits.

This story incorporates reporting from ABC, Bloomberg L.P. and The Mountaineer.The Federal Reserve is anticipated to sustain its current interest rates, putting it potentially at odds with President Donald Trump,

Carol Massar and Tim Stenovec bring together the latest news from the world of business and finance and the interesting stories.

President Donald Trump assailed the Federal Reserve’s approach to bank regulation and accused Chair Jay Powell of fumbling the fight against inflation, while refraining from directly commenting on interest rates.

That’s down from a 3.1% increase in the third quarter and an average 2.6% pace the first nine months of the year. Economists surveyed by Bloomberg had forecast a 2.6% increase in output.Start the day smarter.

Bond traders emerged from the Federal Reserve’s meeting exactly where they were before it began: with little conviction about where interest rates are headed as President Donald Trump casts uncertainty over the direction of the economy.

Bitcoin extended its biggest jump in more than a week following the Federal Reserve’s latest monetary policy meeting and comments from Chair Jerome Powell that touched briefly upon crypto regulation.

Americans downgraded their expectations for benefits from the federal government after Donald Trump won the presidency, according to a new survey by the Federal Reserve Bank of New York.

President Donald Trump said he plans to fill the US’s strategic oil reserve “right to the top” after it reached lows not seen since the 1980s under President Joe Biden.

The Bloomberg Dollar Spot Index has climbed about 5% since the election on the potential for tariffs and inflationary policies under Trump, as well as doubt on future Federal Reserve interest-rate cuts this year. Long dollar bets have been matched by a ...

The South African Reserve Bank is set to lower borrowing costs by another frugal 25 basis points on Thursday while warning that uncertainty around US monetary and trade policies may hinder future cuts.