Federal Reserve

Wholesale prices jumped in April

Inflation at the wholesale level jumped in April by the largest amount in three months, fueled by rising prices of food and energy.

Wholesale prices jumped in April

Inflation at the wholesale level jumped in April by the largest amount in three months, fueled by rising prices of food and energy.

Fed's Goals Largely Met, U.S. Rate Hikes on Track: Mester

The U.S. Federal Reserve has now met its employment goal and is nearing its inflation goal, despite some weak recent economic data, so it should continue raising interest rates, Cleveland Fed President Loretta Mester said on Monday.

Business Highlights

___ Fed leaves rates unchanged but signals further hikes ahead WASHINGTON (AP) — The Federal Reserve has left interest rates unchanged while signaling that it expects a resilient U.S. economy and solid job market to justify further rate hikes later this year.

Business Highlights

___ Fed leaves rates unchanged but signals further hikes ahead WASHINGTON (AP) — The Federal Reserve has left interest rates unchanged while signaling that it expects a resilient U.S. economy and solid job market to justify further rate hikes later this year.

Fed Holds Rates Steady, Expects Pick Up in 2017 Growth

The Federal Reserve on Wednesday held its benchmark interest rate steady at between 0.75% and 1% at the conclusion of its two-day policy meeting, acknowledging the slowing rate of economic growth in the U.S. amid a strengthening labor market and growing levels of inflation.

Fed Holds Rates Steady, Expects Pick Up in 2017 Growth

The Federal Reserve on Wednesday held its benchmark interest rate steady at between 0.75% and 1% at the conclusion of its two-day policy meeting, acknowledging the slowing rate of economic growth in the U.S. amid a strengthening labor market and growing levels of inflation.