[WASHINGTON] The US Federal Reserve raised the benchmark lending rate on Wednesday, the second increase of the year, and signalled it will be more aggressive about rate increases this year and next...

WALL STREET INSIGHT

ONE step forward, two steps back. US stocks fell last week and briefly tested their lows of the year as bulls and bears fought furiously over the direction of the market and the economy.

[NEW YORK] A trade war would leave the US Federal Reserve having to decide between battling weaker economic growth or rising prices. Which one it focuses on already looks pretty clear.

[WASHINGTON] The prospect of a trade war poses "downside risks" to the US economy, which otherwise is poised to grow at a solid pace, the Federal Reserve said Wednesday...

[BENGALURU] Gold prices extended losses into a fourth session on Monday, with the US dollar remaining supported as investors expect the US Federal Reserve to raise interest rates this week.

[TOKYO] The US dollar started the week little changed on Monday as traders set sights on new Federal Reserve Chair Jerome Powell's first monetary policy meeting later in the week and as the...

FEDERAL Reserve Chairman Jerome Powell said he sees no signs the US economy is overheating even as the outlook for growth strengthens and the labour market tightens.

US central bankers said the recent tax cuts could juice the economy more than expected in the near term, meaning further interest rate hikes likely will be needed, according to meeting minutes...

[WASHINGTON] The Federal Reserve is expected to leave interest rates unchanged on Wednesday while signaling a gradual tightening of monetary policy later this year as the US economy continues to...

THE BOTTOM LINE

THE record of economists, including those at the Federal Reserve, over the past half century has been discouraging. The two greatest blunders are well-known: policies that fed double-digit inflation...