Washington Financial News

Investing.com -- Attention is fixed on the Federal Reserve's interest rate announcement on Wednesday, with investors expecting the central bank to keep borrowing costs steady. Comments from Fed Chair Jerome Powell will be in the spotlight following the decision as markets attempt to gauge where officials see policy heading in the future. Elsewhere, Advanced Micro Devices (NASDAQ:AMD) unveils its projection for 2024 sales of its key AI-optimized chip.

By Shivangi Acharya

Pakistan and the International Monetary Fund (IMF) will start their negotiations on Thursday for the release of $710 million second tranche of a $3 billion loan. A review mission from the IMF will arrive in Islamabad on Thursday and review the economic performance of Pakistan during the first quarter -- July to September-- of the current fiscal year.

For the first time in nearly two years, the Federal Reserve is set Wednesday to keep its key short-term interest rate unchanged for a second straight policy meeting — the clearest sign to date that the Fed is edging closer to the end of its rate-hiking...

The Federal Reserve is poised to leave its key interest rate unchanged at a time when the Fed faces an economy that has proved resilient but is nevertheless under pressure from surging interest rates, overseas turmoil and anxious investors

Wages and benefits grew at a slightly faster pace in the July-September quarter than the previous three months, a benefit to workers that also represents a risk to the Federal Reserve’s fight against inflation

U.S. regulators have sued SolarWinds and its top security executive for fraud for allegedly concealing poor cybersecurity practices ahead of the Texas-based technology company's stunning hack by Russian spies

American consumers are feeling increasingly less confident these days as fears of an oncoming recession remain elevated

United States accused Russian President Vladimir Putin Tuesday of trying to use the Israel-Hamas war to reduce Western support for Ukraine, which it said requires continued backing from Washington to prevent Russian success. Hamas militants carried out a shock cross-border attack from Gaza this month that Israeli officials say killed more than 1,400 people, prompting Washington to rush military aid to Israel and sparking fears in Kyiv that backing for its war against invading Russian forces could suffer. «Putin is very much trying to take advantage of the Hamas attack on Israel in the hopes that it will distract us… and that it will result in the United States pulling back its resources» from Ukraine, US Secretary of State Antony Blinken told a Senate hearing on supplemental national security funding. Defense Secretary Lloyd Austin warned during the same hearing that Putin will succeed in his bid to seize Ukrainian territory if the United States halts support for Kyiv. «I can guarantee you that without our support, Putin will be successful,» Austin said.

Bitcoin (BTC), worth over $7.2 billion, is still controlled by the United States government — but its losses are mounting.

Catch LIVE updates from Israel-Gaza war here Notably, maps from China has often been the bone of contention in the East Asian Nation's diplomatic relation with other countries. Notably, the absence coincides with China's often non-committal diplomatic stance toward the Middle East and has raised questions among Chinese netizens, particularly in light of recent conflicts.

Washington Examiner columnist Tiana Lowe Doescher and FOX Business' Lydia Hu join «Making Money» host Charles Payne to discuss the impact of the housing crisis on young Americans.

A flow of recent data from the U.S. government has made one thing strikingly clear: A surge in consumer spending is fueling strong growth, demonstrating a resilience that has confounded economists, Federal Reserve officials and even the sour sentiments...

Google CEO Sundar Pichai has finally taken the stand in the biggest U.S. antitrust case in a quarter century

U.S. health regulators are warning consumers not to use more than two dozen varieties of over-the-counter eyedrops due to the risk of infections that could lead to blindness

President Joe Biden has signed a sweeping executive order to guide the development of artificial intelligence

The World Bank says oil prices could be pushed into “uncharted waters” if the violence between Israel and Hamas widens

By Jack Queen

Google CEO Sundar Pichai tells it, his company has always been on the side of consumers. It has paid billions to other industry giants, including Apple and Samsung, he said, to make sure Google's internet search engine worked as well as it should on those companies' devices. Testifying on Monday in Google's landmark antitrust trial, Pichai directly contradicted the Justice Department's claims that his company's huge payments to companies such as Apple to be the default internet search option on their popular devices represent its unchecked monopoly power. Pichai said he had been worried that Apple, in particular, would make it more difficult to use Google's search on its devices and he believed Google had to pay to make sure that wouldn't happen.

Ripple co-founder Jed McCaleb’s nonprofit Navigation Fund is helping to tackle the AI chip shortage by offering leasable capacity large machine learning models. A new cloud was officially launched on Oct. 29 that will be accessible on an hourly, monthly or long-term basis.

Former U.S. Department of State official Christian Whiton says the Israel-Hamas conflict 'is looking at an open-ended occupation and operation.'