GDP grew by 1.5 percent in the second quarter following a 2.1 percent increase in the first quarter.

Lowering interest rates may not be on the table if inflation stays elevated.

The U.S. Federal Reserve on Wednesday left its benchmark interest rate unchanged, even as a renewed spike in oil prices, ...

Elevated inflation partly reflects supply shocks that that have increased prices, including of energy, the Fed said.

U.S. inflation cooled last month as the cost of gas, clothes, and used cars fell, providing some relief to consumers, while underlying price pressures also slowed more than expected. Consumer prices ...

Pakistan, July 31 -- Rising tensions between the United States and Iran have renewed concerns over higher global energy ...

Stay up to date with our Up First newsletter, sent every weekday morning. Soaring gasoline prices, triggered by the U.S. war with Iran, have pushed inflation to its highest level in more than three ...

The rand remained resilient after the US Federal Reserve left interest rates unchanged, although economists warned that ...