WASHINGTON: The US Federal Reserve raised its inflation forecast Wednesday (Mar 18) as it held interest rates steady, citing an "uncertain" economic outlook due to the war in Iran.The 11-1 vote on the benchmark lending rate was widely expected,

There were some encouraging economic developments this week that millions of Americans likely warmly welcomed. The unemployment rate in January, for example, declined to 4.3% as employers added more than 100,000 jobs, a Wednesday report revealed.

Inflation fears are currently sweeping across the world following the Middle East crisis, which has seen oil prices rising above $100 per barrel.

Gold edged lower in early trade on inflation concerns and dimmed Fed rate-cut hopes.

President Donald Trump is telling Americans that inflation is "crushed" and that the only thing still climbing is their retirement balance. For anyone watching prices at the grocery store while their 401(k) statement finally looks healthy again, the ...

President Donald Trump says he knew oil prices would go up because of the Iran war as the conflict underscores the risks of his relentless focus on fossil fuels while pursuing what he calls American e

Oil prices surged Wednesday following a strike on a major Iranian gas facility as the Federal Reserve raised its inflation forecast while holding interest rates steady.

Donald Trump has, for months, pushed for Federal Reserve Chair Jerome Powell to step down. It stems from a longstanding feud between the two, wherein the administration has attempted to pressure and bend the central bank to the president’s will.