Federal Reserve

Asian stocks were mixed on Thursday after the U.S. Federal Reserve kept its benchmark interest rate intact and steered clear of suggesting that a cut was possible this year.

Stocks moved broadly higher in early trading on Wall Street Wednesday as large U.S. companies continued to surprise investors with solid profits.

U.S. stocks gave up some early gains and ended broadly lower Wednesday after the head of the Federal Reserve appeared to play down the possibility of an interest rate cut this year, something some investors had been hoping for.

___ Many college grads feel their grip on middle class loosening WASHINGTON (AP) — A college degree has long been a ticket to the U.S. middle class.

The Federal Reserve is all but sure to keep interest rates on hold Wednesday — and for the foreseeable future — even as President Donald Trump keeps up his attacks on the Fed for not cutting rates.

The latest on developments in financial markets (all times local): 9:35 a.m.

The Latest on the Federal Reserve's monetary policy meeting (all times local): 4:45 a.m.

Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in March indicates that the labor market remains strong and that economic activity rose at a solid rate.

Economists expected the U.S. central bank would keep the benchmark federal funds rate at 2.25 percent to 2.5 percent.

The S&P 500 retreated from its record high as the Fed emphasized “solid” economic growth despite low inflation.

Financial markets were mostly closed in Asia on Wednesday for holidays after Wall Street ended a wobbly trading session with meager gains.

Most likely, the Fed will provide some additional insight into how they’re assessing the current economic backdrop amid some mixed signals.

White House adviser Kellyanne Conway says the president is still backing conservative commentator Stephen Moore for a spot on the Federal Reserve board, and she adds she's not concerned about some of his controversial comments on women.

The Federal Open Market Committee meeting kicked off on Tuesday and will conclude on Wednesday.

Today, on average, a woman working full time earns about 80.7 cents for every dollar a man working full time earns.

The Federal Reserve this week will likely reinforce a theme that has cheered consumers and investors since the start of the year: No interest rates hikes are likely anytime soon.

President Trump took a veiled swipe at the Federal Reserve by suggesting the gross domestic product report would have been better had the Fed not lowered interest rates.

Asian stock markets were mixed on Monday as investors looked ahead to U.S.-Chinese trade talks and the Federal Reserve's update on its U.S. interest rate outlook.

Asian stock markets were mixed Monday as investors looked ahead to U.S.-Chinese trade talks and the Federal Reserve's update on its U.S. interest rate outlook.

It's not just the stock market at a record high that's feeling the Fed effect.