The US Senate overwhelmingly approves President Trump's nominee for the Federal Reserve, Jerome Powell.
The 64-year-old lawyer and former investment banker is currently governor of the US central bank.
Global markets are watching closely as the US Federal Reserve meets on Tuesday and Wednesday, amid widespread speculation that it’s to raise its
There was a sharp rebound in job growth in the United States in April as employers hired 211,000 new workers.The unemployment rate slid to 4.4%.
Economists do not expect the Federal Reserve to raise the benchmark interest rate on Wednesday at the end of its two-day policy meeting.
Weak consumer spending caused the US economy to grow at a just 0.7 percent annual rate between January and March - its weakest pace in three years.
European shares hit their best level in 15 months on Thursday helped by the Dutch election and the laid back approach by the Federal Reserve.
The US Federal Reserve raised interest rates for the second time in three months, a move spurred by steady economic growth and strong job gains.
Federal Reserve policymakers have started a two-day meeting which is almost certain to produce an increase in the cost of borrowing in the US.
As central bankers bid farewell to the devil they know, financial regulation has entered a period of high uncertainty – and high anxiety for policymakers as they await an announcement from Mar-a-Lago.
The US central bank is previewing interest rate rises, with Fed Chair Janet Yellen warning it is "unwise" to wait too long.
Business Line reviews some of 2016's main economic changes and the responses of the Federal Reserve, the European Central Bank and Bank of England.
The US Federal Reserve has raised interest rates the first time this year and the second time in a decade.
The Federal Reserve's policy meeting is expected to end with a 0.25 percent interest rate rise, but all eyes are on Donald Trump to see how he reacts.
Better than expected GDP and Income data from US suggest Federal Reserve will raise interest rates in December.
The oil price continues to fall on doubts OPEC will agree production cuts.
The US dollar has been boosted by Donald Trump's election victory and spending plans, and political and economic worries in Europe, Britain and Japan.
Fed Chair Janet Yellen says Donald Trump's election has done nothing to change the Federal Reserve's plans for a rate increase "relatively soon".
As expected, the Federal Reserve has kept interest rates unchanged and reinforced expectations for higher borrowing costs in December.
The US Federal Reserve's latest policy meeting is expected to keep interest rates unchanged but set the stage for a hike in December.
The US economy grew at its fastest pace in two years in the third quarter - up 2.9 percent - helped by a surge in exports.
US consumer prices rose in September - up 1.5 percent year-on-year - keeping the Federal Reserve on track to raise the cost of borrowing in December.
In Business Line we assess the debate in which the presidential candidates clashed over trade, taxes and how to remake the US economy.
Janet Yellen, the head of the US central bank, has defended it against accusations from Republican presidential candidate Donald Trump saying: "The Federal Reserve is not politically compromised".
Policymakers at the US central bank, the Federal Reserve, started a two day meeting on Tuesday. A majority of economists expect its benchmark main interest rate to be left unchanged.
US investment bank Lehman Brothers collapsed on September 15, 2008, sparking the the global financial crisis, the effects of which the world is still feeling.