The Fed has held rates at historic lows since 2008 in the midst of the Great Recession to help the economy emerge from a near collapse.
Just about everyone is trying to predict how the announcement will affect everything from commodities and stocks to home sales and job prospects.
Markets braced for a highly anticipated announcement from the U.S. central bank that could mark the first interest rate hike in nearly a decade.
The Fed's second-in-command said in a speech at the Jackson Hole Symposium that central bankers are more interested in where the U.S. economy is going than where it's been.
The key focus for investors will came later in the global day, when U.S. data is expected to show that 223,000 jobs were created in July.
The report comes a day after the Federal Reserve left interest rates at historic lows as it prepares lift rates for the first time in nearly a decade this year.
Policymakers said the economy is “expanding moderately,” signaling the Fed remains on course to lift interest rates in September -- for the first time in nearly a decade.
An inevitable rise in interest rates will have broad affects on consumers as windows of opportunity narrow on these three types of financial products.
Investors are looking to the Fed’s policy meeting for more clues on when the central bank plans to hike interest rates.
The Federal Reserve is laying the groundwork for the central bank's first interest rate increase since 2006.
The U.S. jobless rate is forecast to fall one-tenth of a percentage point back to a seven-year low of 5.4 percent.
Dudley, a dovish policymaker, is a close ally of Fed Chair Janet Yellen.
The U.S. economy looks set to rebound this spring despite a winter of mixed data.
A research firm unveiled details of a Fed meeting a day before the central bank's record of the discussions was made public.
The Justice Department is investigating Medley Global Advisors over a possible leak of information from the Federal Reserve.
The central bank says its decision on when to raise rates will be data-dependent.
The New York branch of the U.S. Federal Reserve, wary that a natural disaster or other eventuality could shut down its market operations as it approaches an interest rate hike, has added staff and bulked up its satellite office in Chicago, according to an exclusive Reuters report.
The unemployment rate is forecast to hold steady at a more than 6-1/2 year low of 5.5 percent.
The New York Federal Reserve officials tasked with prying interest rates off the floor have been meeting with bankers and traders to plot how best to do it, amid deep uncertainty over how much control they will really have over short-term lending markets.
Nearly all Fed officials expect the Fed to raise rates sometime this year, but exactly when is a subject of debate.
San Francisco Fed chief John Williams, a voter on Fed policy this year, made nearly identical remarks on March 5.
Cleveland Fed President Loretta Mester was speaking at a bankers' conference in Paris on Monday.