Federal Reserve Chairman Kevin Warsh signaled a shift towards interest-rate hikes amid persistent inflation, while euro-area price pressures also intensified. US consumers boosted spending despite rising gas prices, though manufacturing production stalled.

The Federal Reserve held interest rates steady, signaling potential future hikes due to persistent inflation concerns. Policymakers' updated projections now show fewer rate cuts…

The Federal Reserve's hawkish stance has surprised markets, with revised inflation forecasts and the dot plot indicating a commitment to higher rates for longer. While inflation…

Traders are now fully anticipating a quarter-point interest rate hike from the Federal Reserve by September, a shift driven by renewed inflation worries fueled by a surge in oil…