The Federal Reserve and most other central banks are shifting into inflation-fighting mode as pandemic recoveries power ahead despite renewed outbreaks of coronavirus

Shares are mostly lower in Europe and Asia after a retreat on Wall Street led by technology companies

Shares are mostly lower in Asia after a retreat on Wall Street led by technology companies

The Bank of England has raised interest rates to combat surging consumer prices

Turkey’s Central Bank again cut interest rates despite soaring consumer prices that are making it difficult for people to buy food and other basic goods

Stocks rose steadily on Wall Street Wednesday after the Federal Reserve said it would accelerate its pullback of economic stimulus and would likely raise interest rates three times next year to tackle rising inflation

The Federal Reserve will quicken the pace at which it’s pulling back its support for the post-pandemic U.S. economy as inflation surges, and it expects to raise interest rates three times next year

The Biden administration’s plan for health insurers to reimburse consumers for over-the-counter COVID-19 tests is recalling the model of a bygone era when the companies processed large volumes of claims from individuals — with paper receipts