[NEW YORK] Gold futures extended gains to a nine-week high after a report showed US consumer prices rose less than expected, weakening the case for the Federal Reserve to raise interest rates.

[NEW YORK] Federal Reserve Bank of New York President William Dudley cautioned that "it's going to take some time" for inflation to rise to the central bank's 2 per cent target...

[WASHINGTON] The US Federal Reserve opened its two-day monetary policy meeting on Tuesday but is widely expected to leave the key interest rate untouched after raising it twice so far this year.

[WASHINGTON] US consumer prices were unchanged in June and retail sales fell for a second straight month, pointing to tame inflation and soft domestic demand that diminished prospects of a third...

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The falling price of gasoline also helped hold down US retail sales, which contracted for the second straight month in June, the Commerce Department reported separately.

[WASHINGTON] US central bankers are divided over the risk of inflation and disagree over the timing of interest rate hikes into next year, minutes of the last Federal Reserve meeting showed Wednesday.

[SAN FRANCISCO] The outlook for inflation and the future of financial stability are emerging as duelling concerns at the heart of a debate at the US central bank over how fast to proceed on future...

[WASHINGTON] Federal Reserve Chair Janet Yellen is pressing ahead with plans to normalise monetary policy, betting that the ongoing strength of the labor market will ultimately prevail over the...