US rate path uncertain amid inflation, Mideast tension: finance ministry

The path of key interest rates in the United States appears to remain uncertain due to persistent inflation and geopolitical tensions in the Middle East, the finance ministry said Thursday. First Vice Finance Minister Lee Hyoung-il chaired discussions with officials from financial authorities, including the Bank of Kor

The Federal Reserve held interest rates steady for a fifth straight time on Wednesday amid mounting pressure on the bank to stay ahead of another war-driven energy price shock. In a 9-3 decision, the Federal Open Market Committee (FOMC) maintained its baseline interest rate at a range of 3.5 percent to 3.75 percent. It

Federal Reserve policymakers are losing patience with inflation, but they may not be ready to turn their frustration into action — not this week anyway. Meeting in Washington Tuesday and Wednesday, the Fed is expected to keep its benchmark interest rate unchanged. Members of the central bank’s rate-setting committee ma

TOKYO (Kyodo) -- An advisory panel to Japan's labor ministry decided Tuesday to raise the minimum wage guideline for fiscal 2026 by a nationwide avera

The new wage floor, which would apply to over 50 million workers, is expected to gradually take effect starting in October.