Articles

Fed widely expected to leave key interest rate unchanged

With voters set to choose a new president and Congress in six days, the Federal Reserve will likely keep a low profile when it ends a meeting Wednesday to try to ensure it doesn't become part of the debate at the close of a tumultuous political campaign.

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Fed raises likelihood of a June interest rate hike

The minutes of their most recent meeting in late April show that Federal Reserve officials widely felt it would be appropriate to raise rates at their June 14-15 meeting as long as hiring and economic growth further strengthened.

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Fed betting it will avoid central banks’ errors of the past

The U.S. Federal Reserve is poised to raise interest rates Wednesday for the first time in 9-1/2 years. It may not take long to know whether its decision was correct. History is filled with cases when central banks raised rates prematurely, sometimes with dire consequences.

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