Federal Reserve

U.S. Inflation Closest to Fed's 2% Target Since 2012

U.S. inflation is closing in on the Federal Reserve's long-elusive 2% annual target, the latest evidence of firming price pressures that could bolster the case for the U.S. central bank to raise short-term interest rates as soon as this month.

S&P, Nasdaq Dip Ahead of Fed Minutes; Dow Hits Record High

U.S. stocks were modestly weaker on Wednesday after the release of minutes from the Federal Reserve's latest meeting showed many of the central bank's policymakers said it may be appropriate to raise interest rates again "fairly soon."