Lindsay Dunsmuir

It would be 'reasonable' for the Federal Reserve to raise interest rates by 50 basis points next month if the economy evolves as expected, San Francisco Fed President Mary Daly said on Wednesday, as she cautioned once again that policymakers are resolute in reducing decades-high inflation.

The U.S. Federal Reserve could raise interest rates by half a percentage point at its next policy meeting in September if high inflation does not improve and a 75 basis point hike could also be on the table, Chicago Fed President Charles Evans said on Tuesday.

Central bankers around the world are scrambling to adjust to stubbornly high inflation at risk of getting further out of hand and forcing stronger policy actions that increase the risk of a global recession.

The U.S. economy expanded at a modest pace in from mid-May through mid-July, a Federal Reserve report showed on Wednesday as the central bank struggles to curb inflation running at more than a 40-year high.

The U.S. economy expanded at a modest pace in from mid-May through mid-July, a Federal Reserve report showed on Wednesday, as the central bank's newly-aggressive actions to curb inflation running at a more than 40-year-high continued to have an impact.

There is risk in the United States that businesses and households could see price pressures persisting for a long time and central bankers must act resolutely to bring inflation down, Cleveland Federal Reserve President Loretta Mester said on Wednesday.

Only about one third of the current bout of high inflation in the United States is demand driven, according to research published by the San Francisco Federal Reserve on Tuesday, underscoring the difficulties U.S.

Federal Reserve Chair Jerome Powell's guidance that the U.S.

U.S. Federal Reserve officials, beset by ongoing high inflation and a weakening growth picture, will lay out on Wednesday how they think their increasingly difficult goal of cooling the economy without sending it into a tailspin may play out in the months ahead.

The economy in the majority of regions in the United States expanded at a modest or moderate growth pace in April through late May and there were some tentative signs that the Federal Reserve's actions to cool demand were beginning to be felt, a Fed report showed on Wednesday.

The world is moving rapidly toward increasing use of digital payments and an official digital version of the U.S.

Russia's invasion of Ukraine has dashed any hope U.S.

Russia's invasion of Ukraine has dashed any hope U.S.

Federal Reserve Governor Michelle Bowman said on Monday that she will assess incoming economic data over the next three weeks in deciding whether a half percentage point interest rate rise at the central bank's next meeting in March is needed, a stance that underscores divisions among policymakers on how aggressively to begin its tightening cycle.

Federal Reserve Governor Michelle Bowman said on Monday that she is keeping her options open on the required size of an initial interest rate rise at the central bank's next meeting in March, a stance that indicates some divisions among policymakers on how aggressively to begin its tightening cycle.

Risks to the global financial system have risen over the past six months and could increase sharply if pressures in emerging markets escalate or global trade relations deteriorate further, the International Monetary Fund said Wednesday.

U.S. home sales flatlined in August but inventory increased for the first time in three years as the housing market continued to struggle despite strength across the broader economy.

The Federal Reserve is expected to keep interest rates unchanged on Wednesday, but solid economic growth combined with rising inflation are likely to keep it on track for another two hikes this year even as President Donald Trump has ramped up criticism of its push to raise rates.

The two countries have agreed to drop their tariff threats on billions of dollars worth of each country’s goods while they work on a wider trade agreement, U.S. Treasury Secretary Steven Mnuchin said on Sunday.