Fears for some sort of sharp correction in global stock markets are growing this week, says the former chief of an Irish stockbroking firm, as jitters about sky-high valuations of American stocks continue.

The US Federal Reserve has raised interest rates by a quarter of a percentage point but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in US economic growth.

The November meeting of the US Federal Reserve, back at the start of the month, saw the Central Bank maintain the target range for the fed funds rate at 1%-1.25%. The decision to leave rates unchanged was unanimous.

His nomination as the next head of the US Federal Reserve means Jerome Powell is set to become one the world’s most powerful and influential individuals, writes Kyran Fitzgerald

Predicting the future is no longer just the domain of fortune tellers and economists.

The euro rebounded from the day’s lows yesterday but held well below a two and a half year high hit earlier this month as markets bet the single currency’s double-digit gains this year may be too much for a central bank that is still wary of removing stimulus.

US stocks inched higher on Monday as the Standard & Poor's 500 index steadied following back-to-back losses over the last two weeks.

Sterling yesterday rose to its highest point since September as weak inflation data in the US weighed on the dollar, while traders are increasingly betting on higher

Sterling climbed for the first time in four days against the dollar yesterday as the dollar weakened after US Federal Reserve chair Janet Yellen’s comments on low inflation were interpreted as dovish.

The Federal Reserve raised interest rates yesterday for the second time in three months, citing continued US economic growth and job market strength, and announced it would begin cutting its holdings of bonds and other securities this year.

The US Federal Reserve is expected to hold interest rates steady at its meeting this week as it pauses to parse more economic data but may hint it is on track for an increase in June.

The US president has publicly criticised his chief strategist, but it is the latter’s feud with Trump’s son-in-law that may push him out of the inner circle, says Shannon Pettypiece

wage inflation begins to take off, Janet Yellen will have to act by removing the punch bowl from the party. If this happens, sparks could fly in Washington DC, writes Kyran Fitzgerald

The US Federal Reserve raised its benchmark lending rate a quarter point and continued to project two more increases this year, signalling more vigilance as inflation approaches its target.

Stock markets were torn between the continuing fallout of Brexit and the countdown to the probable announcement of a US rate hike tomorrow evening.

Stocks held steady in a calm day of trading today in the US, but the storm may be coming.

Banks and other financial companies have led a slide in US stocks, erasing some of the gains from a day earlier when indexes soared to record highs.

There is an eerie calm about financial markets at present. Currency and bond markets are quite range bound, while world stock markets hit new record highs in the past week.

Bank stocks have jumped on hopes that bigger profits are ahead and US indexes again pushed to record highs.

Stocks around the world continued their march higher on Monday, and US indexes again hit new highs.

The ECB rejected US accusations of currency manipulation yesterday and warned that deregulating the banking industry, now being discussed in Washington, could sow the seeds of the next financial crisis.

The US Federal Reserve kept interest rates unchanged last night in its first meeting since president Donald Trump took office, but painted a relatively upbeat picture of the US economy that suggested it was on track to tighten monetary policy sometime this year.

US employment increased less than expected in December but a rebound in wages pointed to sustained labour market momentum that sets up the country’s economy for stronger growth and further interest rate increases from the Federal Reserve this year.

As widely anticipated, last week’s meeting of the US Federal Reserve saw the central bank increase the target range for the federal funds rate by 25 basis points to between 0.5% and 0.75%.

Several of the world’s top central banks will meet in the coming week, but only one, the US Federal Reserve, is set to start a final countdown on the second most anticipated event of the year after the presidential election.

US employment growth slowed more than expected in August after two straight months of robust gains and wage gains moderated, which could effectively rule out an interest rate increase from the US Federal Reserve this month.

Yanis Varoufakis explores the strange new world where money is intrinsically worthless and how the solution to tackling this must come from a change in definition for currencies.

Pound traders are getting a reality check as the latest survey signals the outcome of the UK’s referendum on whether to quit the EU is still too close to call.

European stocks slid to their lowest in nearly four months and sterling continued to fluctuate as investor jitters intensified ahead of Britain’s EU membership referendum next week.

The amount of very experienced investors asking for a hedge against a deep market correction is sentiment that cannot be ignored.

European stocks were little changed amid thin trading as investors considered the implications of a possible increase in US interest rates after Federal Reserve chair Janet Yellen said a hike is likely in the coming months.

The Federal Reserve should raise interest rates “in the coming months” if the economy picks up as expected and jobs continue to be generated, US central bank chief Janet Yellen said yesterday.

Sterling tumbled to the weakest level yesterday for 16 months against the euro as a report showed a gauge of UK manufacturing output held near the lowest level since 2013, adding to investor concerns that UK growth is slowing.

After an incredibly difficult start to the year, global equity market performance picked up substantially during March.