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Should The Fed Raise Interest Rates? Stocks, Dollar Surge As Central Bank Leader Pushes For A Hike

With consumer confidence at a 15-year high and stock market indexes toppling records, the Fed's interest rate may be ripe for another increase.

Venezuela Crisis: Minimum Wage Increased 50 Percent As Inflation Continues To Soar

Venezuela’s President Nicolas Maduro has increased the country’s minimum wage for the fifth time in a year.

Average American Salary: Minimum Wage To Increase In 2017 For 20 States Including New York, California, Arizona

A total of 19 states have voted to raise their minimum wage in the New Year, including New York, California and Arizona.

Venezuela Crisis: Bitcoin Seen As More Stable Alternative Amid Surge In Inflation, Banknote Chaos

Amid the country’s growing economic crisis, Venezuelans are increasingly using digital currency bitcoin.

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Fed Rate Hike: Officials Claim Raising Rates 'Had Strengthen' In Recent Months, Inflation Doubts Remain

According to minutes from a Sept. 20-21 meeting, several voting Fed policymakers judged a rate hike would be warranted "relatively soon" if the U.S. economy continued to strengthen.

Why Are ATM Fees So High? US Surcharges Could Be Eliminated

ATM fees have been rising faster than inflation for nearly two decades.

Wall Street Rallies After Fed Stands Pat On Rates

Traders generally had not expected the Fed to raise rates, with bets before the meeting of only an 18 percent chance of a hike.

Gaining Confidence, Fed Officials Eye Interest Rate Hike This Year

The U.S. economy is bouncing back from a meager 1 percent growth rate in the first six months of the year.

US Payrolls Seen Rebounding In June In Boost To Economy

The U.S. Labor Department's jobs tally due Friday is likely to show nonfarm payrolls increased by 175,000 jobs last month.

Brexit: S&P Slashes UK’s Growth Forecast, Says It Will ‘Barely Escape Full-Fledged Recession’

The U.K., reeling under the impact of the Brexit vote, will “barely escape a full-fledged recession,” the rating agency said in a report released Monday.

Raghuram Rajan To Leave India’s Central Bank, Stock Markets Overcome Jitters

Raghuram Rajan, governor of the Reserve Bank of India, announced over the weekend he would not seek an extension to his three-year term, which ends Sept. 4.

BOJ Holds Off On Easing Despite Weak Inflation, Sparks Yen Spike

The yen surged broadly after the Bank of Japan’s decision, hitting a 22-month high against the dollar and multiyear highs against the euro and sterling.

Bank Of England Keeps Rates Steady Ahead Of Brexit Vote

Despite some positive signs in the economy, inflation remains far below the central bank’s goal. The looming Brexit referendum is also a serious concern.

Russian Central Bank Cuts Rates, Says Economic Recovery ‘Imminent’

The rate cut comes at a time when the country's economy is now showing signs that the worst is behind it.

India’s Sensex Rises After RBI Keeps Rates Steady

While the bank said it would remain “accommodative,” Indian shares rose more than 1 percent after the announcement Tuesday.

Fed’s Evans Sees Case For Deferring US Rate Hikes For Years

The president of the Chicago Federal Reserve said rate hikes could be withheld until core inflation in the U.S. reaches 2 percent.

ECB Meeting: Monetary Policy Left Unchanged; Inflation, Growth Forecasts In Focus

The European Central Bank, already in the midst of a massive quantitative easing program, kept monetary policy unchanged Thursday.

US Consumer Spending Records Biggest Gain In More Than Six Years In April

The latest sign of an acceleration in economic growth could persuade the Federal Reserve to raise interest rates again as early as June.

Fed Signals Interest Rate Hike Firmly On The Table For June

Minutes from the Fed’s April meeting suggest the central bank is much closer to lifting rates again than Wall Street expects.

Asian Shares Lower On Revived Fed Hike Expectations

Meanwhile, markets are watching Japan, which could postpone a planned sales tax hike to support the country's flagging economy.

Dow Jones Industrial Average Slumps As Fed Rate Hike Looks More Likely After Strong Economic Data

Tuesday’s upbeat consumer price data point to a steady buildup in inflation, boosting chances of an interest rate hike later this year.

Consumer Price Index Records Biggest Increase In Over Three Years In April As Gasoline, Rents Rise

Lifted by the higher cost of gasoline and rent, among other things, the increase points to a steady inflation buildup.

Bank Of England: Brexit Could Reduce Growth, Send UK Pound Down ‘Sharply,’ Governor Mark Carney Warns

A split from the EU would hamper growth and risk rising inflation, the Bank of England cautioned in its clearest warning yet about the effects of a Brexit.

Russians Live On The Edge As Recession Spurs A Deep Poverty Spike

Many of the nation’s citizens spend more than half their income on food as they battle the effects of inflation and declining wages. Nearly 20 million live in poverty.