Currencies News

Dollar Climbs to 14-Month High as Fed Boosts Target Rate Outlook

5:11 pm ET

The dollar rallied to a 14-month high after Federal Reserve officials raised their forecast for the target rate on overnight loans between banks at the end of 2015 while maintaining guidance to keep borrowing costs low.

Fed Keeps ‘Considerable Time’ Pledge as Growth Stays ‘Moderate’

3:27 pm ET

The Federal Reserve maintained a commitment to keep interest rates near zero for a “considerable time” after asset purchases are completed, saying the economy is expanding at a moderate pace and inflation is below its goal.

Latest Headlines