An account of the European Central Bank's last meeting shows its policymakers are still concerned that inflation is too low despite an improving economy.
U.S. stocks are rising Wednesday morning as retailers including Urban Outfitters and Target climb.
Members of the Federal Reserve's policy-setting committee expect to start the clock on shrinking its $4.5 trillion portfolio.
Federal Reserve policymakers were worried last month about inflation, but for two opposing reasons.
Federal Reserve policymakers appeared increasingly wary about recent weak inflation and some called for a halt to further interest rate hikes until it was clear the trend was transitory, according to the minutes of the central bank's last policy meeting.
Below is the text of an interview The Associated Press conducted Monday with William Dudley, president of the Federal Reserve Bank of New York: Q: I guess if we could just start with kind of your outlook for the economy, in particular the idea that at the beginning of the year, some economists were boosting their forecast, just because they felt that President Trump was going to -- his economic program would give a boost to 2017 and 2018.
A top Federal Reserve official is sending another signal that the central bank will soon begin to downsize its $4.5 trillion portfolio.
U.S. stocks edged higher in early trading Friday, recouping some of the ground they lost after the market's biggest single-day drop in nearly three months.
Evans also said it's 'reasonable' for the central bank to start trimming its portfolio in September.
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U.S. employers likely maintained a strong pace of hiring in July while raising wages for workers, signs of labor market tightness that could clear the way for the Federal Reserve to announce next month a plan to start shrinking its massive bond portfolio
There are lots of jobs but hardly any wage growth.
The Bank of England has decided to keep interest rates at a record low 0.25 percent after slowing inflation damped the clamor for an increase.
The Latest on the Bank of England's decision to keep interest rates at a record low (all times local): 12:25 p.m.
India's central bank has cuts its key interest rate by a quarter of a percentage point, raising hopes of lower borrowing costs for households as inflation ebbs.
Coin experts say they have found the first silver piece minted by the United States
Bank of England workers are set to go on strike Tuesday for the first time in 50 years.
President Donald Trump's choice of a key player in his drive to scale back financial rules would likely push to relax regulations on community banks, ease restrictions on some speculative trading and soften annual tests of big banks' health.
Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in June indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year.