By Promit Mukherjee and Howard Schneider OTTAWA/WASHINGTON, March 18 (Reuters) - The U.S. Federal Reserve and Bank of Canada struck hawkish tones on Wednesday as the Iran war drove energy prices sharply higher and a pivotal week of global central bank meetings kicked into full swing.

Market participants are also not expecting the Fed to cut rates at its next meeting on April 29, with the CME FedWatch Tool indicating a 97% probability that rates will remain unc

The Federal Reserve's recently published request for information on options for updating its check clearing apparatus has bankers fearing that it will opt to phase out paper checks entirely — an outcome that has community banks panicked.

By David Lawder March 18 (Reuters) - Federal Reserve Chair Jerome Powell on Wednesday described significant challenges in bringing inflation down, from persistent tariff-driven price hikes to Iran war-driven energy price hikes that the U.

Just days after the Federal Reserve granted a limited master account to Kraken, crypto bank Custodia's years-long court battle with the Fed concludes in a loss.

Wall Street is keen to hear what Federal Reserve policymakers are feeling about the surge in oil prices so far. The big risk would be if Fed Chair Jerome Powell starts talking about rate hikes, said Jack Janasiewicz,

By Michael S. Derby March 16 (Reuters) - Americans’ attempts to tap new credit rose to their highest level in nearly four years as of February, new data from the Federal Reserve Bank of New York released on Monday said.