Decision follows sharp rise in borrowing costs led by surging long-term bond yields

Markets just don’t believe Fed chair Jerome Powell when he suggests two more hikes are coming

Treasury secretary Janet Yellen has warned the US federal government may run out of cash as early as June 1st

We must recognise the stability risks — whether over-concentration or digital herding — as well as the benefits

Incumbent had been renominated by Biden late last year

Every large sector in the red, with discretionary and tech firms among biggest fallers

UK inflation now heading above 10%, with further rate hikes flagged in coming months

FTSE 100, France’s CAC 40 and Germany’s Xetra Dax hit by declines after Wall Street sell-off in previous session

Central bank has become more concerned about highest US inflation rate for 40 years

Asset shedding plan comes as US central bank likely to implement 0.5% rate rises at future meetings

10-year Treasury yield back above 2% ahead of Federal Reserve meeting

S&P 500 ends month down 5.3% as investors recoil over prospect of rising interest rates

Joe Brennan: US central bank doesn’t have mandate to offer stock investors a sustained rally

GDP’s annual advance reaches 6.9% at the end of 2021

Country’s Federal Reserve lays the groundwork for tighter policy amid soaring prices

Jay Powell tells senators that era of pandemic stimulus is over

Economists and investors expect the Fed to press ahead with plans to tighten monetary policy and raise interest rates

The president’s social-spending deal might yet be made but the political difficulties cannot be overstated

Smart Money: Variable mortgage rates could increase and trackers could be affected as well

Sharp drop is sign of tightness in labour market as US economy rebounds