Markets are pricing in nearly a 99% chance of an interest rate cut from the Federal Reserve in September. Meanwhile, Chicago ...

Global share markets hit a record and the dollar was subdued on Wednesday, as investors cheered mild inflation data and signs ...

(Reuters) -Chicago Federal Reserve Bank President Austan Goolsbee said on Wednesday he is uneasy assuming that tariffs will ...

Two Fed officials on Wednesday suggested the central bank can be patient in lowering rates. Markets see a rate cut in ...

Federal Reserve Bank of Chicago President Austan Goolsbee said the Fed is not tied to Wall Street or political interests and ...

Federal Reserve Bank of Chicago President Austan Goolsbee said Wednesday that "tariffs are a stagflationary shock" that ...

The Fed maintained its benchmark overnight interest rate in the 4.25%-4.50% range at its last meeting. This decision faced ...

A jump in wholesale prices is likely to bolster concerns among Federal Reserve policymakers that rising inflation remains a ...

Federal Reserve Bank of Chicago President Austan Goolsbee said the central bank’s meetings this fall will be “live” as he and his colleagues try to interpret mixed economic data and how best to adjust ...

Goolsbee added that the central bank’s independence is essential, “because we don’t want inflation to come back.” He added that tariffs are a stagflationary shock and said that he is “uneasy” that ...

Federal Reserve Bank of Chicago President Austan Goolsbee said the central bank’s meetings this fall will be “live” as he and his colleagues try to interpret mixed economic data and how best to adjust ...

U.S. Treasury Secretary Scott Bessent, who is leading the search for a replacement for Fed Chair Jerome Powell, has been ...