Jerome Powell is getting ready to address the press. The Federal Reserve chair will speak at a news conference on Wednesday at 2:30 p.m. Eastern in Washington, D.C., at the central bank's headquarters.

The central bank is set to hold interest rates steady for its fourth straight meeting, a pause that could be extended through the summer.

The U.S. economy is mostly in good shape but that isn’t saving Federal Reserve chair Jerome Powell from a spell of angst.

Concerns over escalating hostilities in the Middle East stayed front and centre in markets on Wednesday, sending oil prices higher and investors rushing for the safety of U.S. Treasuries and the dollar while dumping stocks.

Officials at the Federal Reserve are on track to extend their wait-and-see posture on Wednesday. Our Nick Timiraos explains why the central bank is in a holding pattern. A: Fed officials this week wil

Heightened uncertainty over tariffs, the direction of oil prices and their impacts on inflation is giving way to a risk that Federal Reserve officials may not be able to cut interest rates in two quarter-point increments this year as they had previously expected.

A look at the day ahead in European and global markets from Rae Wee Markets head into Wednesday's Federal Reserve rates decision with much uncertainty around the global economy, trade and geopolitical ties.