The Federal Reserve is committed to using its full range of tools to support the U.S. economy in this challenging time, thereby promoting its maximum employment and price stability goals.
An unexpected jump in U.S. wages has given financial markets a new reason to worry that higher inflation may be here to stay.
Chinese and U.S. commerce ministers agreed to push forward trade and investment links in their first call
Cautions new private money could pose financial-stability risk
The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent
Board decided to maintain the current policy settings, including the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond
Bitcoin declined for the seventh time in eight days, extending losses after President Joe Biden was said to propose almost doubling the capital-gains tax for the wealthy.
Retail sales beat expectations, rising 34.2% from year ago
A surprise U.S. drive to overhaul international corporate taxation promises a new era for governments to capture a bigger tax take from some of the most successful global businesses
The optimism is in part fuelled by expectations that Biden administration policies will lead to tighter oil supply, which will automatically push prices higher.