Fed Prepared News Today : Breaking News, Live Updates & Top Stories | Vimarsana

The US Federal Reserve chairman Jerome Powell on Friday said that the central bank is prepared to raise interest rates higher -- and hold them there -- in order to bring down elevated inflation. "We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective," AFP quoted him as saying.

Stocks Rise After Fed Minutes as Volume Dwindles: Markets Wrap Bloomberg 4 days ago Rita Nazareth and Claire Ballentine (Bloomberg) -- Stocks rose with the dollar and Treasuries were mixed after the Federal Reserve refrained from signaling it will make any changes to its bond-buying program any time soon. Volume on U.S. exchanges hit a new low for 2021, remaining under 10 billion shares. Despite the slow trading, the S&P 500 climbed to another record. A rally in giants such as Apple Inc. and Google’s parent Alphabet Inc. pushed the Nasdaq 100 higher. Benchmark 10-year yiel...