James B. Bullard

Donald Trump's return to the White House could put the independence of the U.S. Federal Reserve under strain, potentially weakening its ability to fight against inflation and unemployment free from political interference.

The Fed has a dual mandate from Congress to act independently to tackle both inflation and unemployment, primarily by raising and lowering interest rates.

Debate is swirling around how big an expected U.S. interest rate cut will be this week, while market sentiment is being dragged by worries about the Chinese economy.

The yen edged to a new high since December ahead of the Federal Reserve decision on Sept. 18 and a policy meeting at the Bank of Japan two days later.

Most economists expect Türkiye's Central Bank to keep its policy rate steady at 50 percent when members of the Monetary Policy Committee meet later this week on Sept. 19.

In August, the monetary authority held the one-week repo auction rate unchanged at 50 percent for a fifth straight month. The bank last raised rates in March by 500 basis points.

The U.S. Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one rate cut this year, down from the three expected in March after inflation stalled in the first quarter.

The U.S. Federal Reserve on Wednesday held interest rates steady for a sixth straight meeting, keeping the level at a 23-year high to fight stubborn price increases.

After a two-day gathering, the central bank decided unanimously to keep the benchmark lending rate unchanged at 5.25-5.50 percent, citing a "lack of further progress" towards its two percent inflation target.

The U.S. Federal Reserve is expected to hold interest rates steady for a sixth straight meeting Wednesday, with a summer start to cuts looking less likely owing to stubborn inflation.

Two US Federal Reserve officials indicated Wednesday that the nation's central bank is on track to tackle inflation, but that it is still too soon to begin lowering interest rates.

The U.S. Federal Reserve raised its benchmark lending rate on July 26 to the highest level since 2001 to tackle above-target inflation, and signaled it could hike again later this year amid improving economic prospects.

The U.S. Federal Reserve is widely expected to pause its campaign of interest rate increases on June 14 to give policymakers more time to assess the economic impact of existing hikes and recent banking stresses.

The Federal Reserve will make only modest progress in its fight against inflation for the rest of this year, even while keeping its benchmark interest rate at a 16-year high, a group of business economists predict in a survey released Monday.