A month and a half after the Fed delayed a rate hike, Chair Janet Yellen will announce whether the central bank thinks the economic climate warrants a hike.
At a 2 p.m. press conference Wednesday, Federal Reserve Chair Janet Yellen is expected to signal that the economy is ready to be reined in.
The impact of the Federal Reserve's expected interest rate hike Wednesday on Americans' wallets will depend on their age, debt and savings.
St. Louis Fed President James Bullard says there's no reason to make changes at the U.S. central bank.
In her testimony before Congress on Thursday, Yellen suggested the federal funds rate target may finally be ripe for an increase.
The federal funds rate, which is the interest rate at which banks lend to one another in the short term, tends to impact other interest rates across the U.S. economy, such as mortgage rates and bond coupon rates.
After delaying an interest rate hike in September, the Federal Reserve once again pushed off an increase in the federal funds rate following the close of its meeting on Wednesday.
The two-day meeting ended Wednesday, with policymakers expected to tee up a December increase.
In September, the Fed held off on raising its target for the federal funds rate, and on Nov. 2, it will likely avoid an increase once more.
Federal Reserve Chair Janet Yellen touched on temporarily running a high-pressure economy with robust aggregate demand and a tight labor market.
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.
In a recent high-profile speech in Jackson Hole, Wyoming, Fed Chair Janet Yellen indicated a rate hike was being considered.
What would a 0.25 percent rate hike mean for Main Street? An average $6.45 a month tacked on to credit card bills and variable rate mortgage payments.
The U.S. Federal Reserve and the Bank of Japan will hold their respective two-day policy meetings Tuesday and Wednesday.
The U.S. Federal Reserve Open Markets Committee meets Tuesday and Wednesday to consider whether to raise interest rates immediately or put off action until the end of the year.
The remarks allayed fears of a September interest rate hike.
The European Central Bank gave the U.S. Federal Reserve maneuvering room by not extending its asset-buying program beyond March.
The Labor Department will release its closely watched employment report Friday, more than two weeks before the Fed’s policy meeting.
Gross says Janet Yellen's policies "have deferred long-term pain for the benefit of short-term gain."
Here are five factors that Federal Reserve officials are likely taking into consideration when making a decision.
How to follow along online as Janet Yellen talks in Jackson Hole, Wyoming.
The rotation to cyclical sectors of the S&P 500 and away from defensive stocks could continue next week if the Fed chair strikes a tone more welcoming to a rate hike.