Rate hikes are needed now to avoid entrenched inflation, they say. Read more at straitstimes.com. Read more at straitstimes.com.

The new head of the US central bank said he is committed to lowering inflation. Read more at straitstimes.com. Read more at straitstimes.com.

WASHINGTON: The US Federal Reserve held interest rates steady on Wednesday (Jul 29), with surging inflation fueled by President Donald Trump's war on Iran seeing three of the…

The US Federal Reserve is expected to maintain current interest rates on Wednesday. Analysts anticipate some policymakers may dissent, advocating for a rate increase. Surging…