The Federal Reserve kept its interest rates range at near-zero levels Wednesday but hinted it would soon boost borrowing costs after a year of surging inflation. The Federal Open Market Committee ...

At Jackson Hole, Federal Reserve Chair Jerome Powell struck a more dovish tone, hinting that a rate cut could be on the horizon. He described the labor market as in a “curious balance,” wherein hiring ...

The Fed plans to keep its benchmark short-term rate near zero until "labor market conditions have reached levels consistent with the committee's assessments of maximum employment and inflation has ...

WASHINGTON (AP) — The Federal Reserve expects to keep its benchmark interest rate pegged near zero at least through 2023 as it strives to accelerate economic growth and drive down the ...

At the start of the coronavirus pandemic, the Federal Reserve, during two emergency meetings, slashed interest rates to near-zero and pledged to leave them unchanged until the U.S. economy begins ...

The Fed is likely to announce that change at its September meeting, Morgan Stanley says, allowing the central bank at the same time to promise to keep rates near zero until inflation climbs above 2%.

Despite the improved outlook, the majority of policymakers said in their first economic projections of 2021 that they expect rates to remain near zero through 2023. About seven of the 18 Fed ...