The Federal Reserve on Wednesday announced that it will leave a key interest rate unchanged for the second consecutive meeting amid persistent inflation and uncertainty about the economy.

Setting the interest rate is its most famous tool ... The US dollar index, which measures the dollar’s strength relative to six other currencies, edged lower after slightly gaining this morning.

Floating rate preferreds, initially created in a zero interest rate environment, now yield around 10%. Click here to find out ...

The ruble has appreciated 38% against the US dollar, the most of any currency.

The Reserve Bank of India (RBI) cut its repo rate by 25 basis points to 6 per cent on Wednesday in its first monetary policy ...

Using limitations to the deductibility of interest payments triggered by the introduction of interest ceiling rules globally, we show that affected private firms reduce leverage relative to unaffected ...