WASHINGTON - Some US Federal Reserve officials saw reasons to hike rates at the central bank’s June policy meeting given elevated inflation on fallout from the Middle East war, minutes of the gathering showed on July 8. “A few participants commented that, in light of these developments, there was a»»»

Donald Trump’s attempts to influence the US Federal Reserve could risk plunging America into a period of 1970s-style inflation and trigger a global backlash in financial markets, economists have warned. After the US Department of Justice (DoJ) launched a criminal investigation into Jerome Powell, t»»»

See all topics Link Copied! Follow Federal Reserve officials are convening this week for a pivotal meeting under unprecedented circumstances. At 2 p.m. ET on Wednesday, central bankers are expected to announce their first interest rate cut since December to support America’s slowing labor market, w»»»