Chairman Jerome Powell said the central bank is in wait-and-see mode amid mostly positive U.S. economic conditions.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
The president says he wants Opec and Saudi Arabia to bring down the price of oil which he says is fuelling the Russia-Ukraine war.
US President Donald Trump used a virtual speech at the World Economic Forum to criticize the Federal Reserve and OPEC, sparking a ripple effect through global markets. Trump demanded the Federal Reserve lower interest rates,
Federal Reserve chair Jerome Powell on Wednesday did not comment on U.S. President Donald Trump's remarks from last week about demanding a fall in interest rates. Trump, speaking at the World Economic Forum at Davos-Klosters,
Investors this week will be keenly watching how or if the Federal Reserve and the bond market cooperate with Donald Trump’s order for lower interest rates.
This uncertain outlook in oil markets could pose a challenge to Canada's economic stability, given its heavy reliance on oil exports. Falling crude prices threaten to widen Canada's trade deficit, which could weigh heavily on the Canadian dollar, already hovering at multi-year lows.
The Federal Reserve on Wednesday will announce its latest decision setting the level of interest rates, just days after President Donald Trump called on the central bank to lower them. Investors widel
WTI price faces challenges as traders adopt caution amid rising uncertainty over US trade policy. Trump’s commerce secretary nominee Howard Lutnick suggested that Canada and Mexico could avoid tariffs.
The Stock Exchange of Thailand (SET) index risks falling below 1,300 points after testing a low of 1,335 on Tuesday, as oil-related stocks continue to drag down the bourse, while banking stocks may be affected by the Cyber Security Act,
The Bureau of Economic Analysis is set to release the first estimate of growth in inflation-adjusted fourth-quarter gross domestic product on Thursday at 8:30 a.m. Eastern. Economists surveyed by FactSet expect real GDP grew at a seasonally adjusted annual rate of 2.5% in the period, versus the 3.1% pace of growth set during the third quarter.