New York: The US Federal Reserve is keeping the benchmark interest rate unchanged at 3.5 per cent to 3.75 per cent in the face of inflation threats. The decision on Wednesday (local time) sent stock markets tumbling, with the Dow Jones falling 1,153 points, or 2.19 per cent, and the NASDAQ down 433»»»

Finance Minister Koo Yun-cheol speaks at a financial meeting at the Government Complex Seoul in Seoul’s Jongno District on Thursday. (Yonhap) South Korea's top financial authorities said Thursday that domestic financial markets remain "largely stable" after the US Federal Reserve decided to keep it»»»

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Agencies Federal Reserve officials kept their short-term interest rate unchanged Wednesday after three cuts last year, ignoring huge pressure for lower borrowing costs from the White House in favor of waiting to see how the economy evolves. The central bank’s rate reductions last year were intended»»»

Search/enSign Up What to know: As expected, the Federal Reserve left interest rates unchanged on Wednesday.Odds of a January cut, which prediction markets had put above 40 percent in mid-November, had fallen to nearly zero by the time of this week's meeting.Chairman Jerome Powell's post-meeting pre»»»

When the Fed reduces its key rate, it tends to lower borrowing costs for things like mortgages, car loans and business borrowing, though those rates are also influenced by market forces. The US Federal Reserve pushed the pause button on its interest rate cuts on Wednesday, leaving its key rate unch»»»

The Federal Reserve pushed the pause button on its interest rate cuts Wednesday, leaving its key rate unchanged at about 3.6 per cent after lowering it three times last year. The central bank said in a statement that there are signs the job market has stabilized while it also said growth was “solid»»»