'No magic wand' to tackle high prices, Fed boss says as US interest rates held

The boss of the Federal Reserve said there is no "magic wand" to ease the cost of living for Americans as it held interest rates steady for the fifth time in a row.

The Federal Reserve just froze interest rates yet again. Here's what that could mean for mortgage rates.

The Fed rate pause announced on Wednesday should motivate borrowers to take these three strategic steps now.

Fed meeting updates: The FOMC's interest rate decision is the closest call in months

The Federal Reserve will decide today whether to hold interest rates steady or hike them. It's Kevin Warsh's second FOMC meeting as Fed chair.

Fed interest rate vote poses a test for Warsh as Iran war, tariff push send prices higher

Inflation and affordability are top issues for the Federal Reserve’s rate-setting committee as it votes on whether to raise interest rates or keep them steady.

Markets react to Fed's July interest rate decision

The Federal Reserve announces its decision on interest rates.

Fed holds interest rates steady after cliffhanger meeting, but three officials dissent

After one of the most unpredictable meetings in years, the Fed said Wednesday it is keeping interest rates at their current elevated levels. Follow for live updates

Interest rates expected to be held again by Bank of England

UK interest rates are expected to be held at 3.75% for a fifth time by Bank of England policymakers. Uncertainty over the the global political and economic outlook, and the impact on prices, means the Bank is likely to continue its cautious approach to rates.

Stock market today: Major indexes plunge after Fed holds interest rates steady; oil jumps on surprise Iran attack

Major stock indexes plummeted heading into the closing bell Wednesday after the Federal Reserve kept interest rates intact. Meanwhile, oil prices surged after President Donald Trump threatened Iran for launching a surprise missile attack on U.