Watch live coverage of a news conference with Federal Reserve Chairman Jerome Powell.

China’s massive trade surplus helped to offset capital outflows in the first half of the year, anchoring its balance of payments even as the Federal Reserve’s aggressive interest rate hikes fuel outflows from developed and emerging markets alike.

In recent months, the Federal Reserve made avoidable mistakes that fueled inflation. That's the view of a range of economists and policymakers, including some voting members of the Federal Open Market Committee. In the spring, some FOMC members called for...

Repeated assurances by the backers of Tether, the biggest stablecoin, that the token is backed by ample reserves and working smoothly haven’t been enough to reassure markets.

NYT: The Russian ruble reached a seven-year high, confirming its status as the world's best-performing currency. It's up about 35% so far this year, and more than doubled from its lowest level after the Ukrainian invasion.