Federal Reserve officials held off from raising borrowing costs and scaled back forecasts for how high interest rates will rise this year, citing the potential impact from weaker global growth and financial-market turmoil on the U.S. economy.
The Federal Open Market Committee kept the target range for the benchmark federal funds rate at 0.25 percent to 0.5 percent, the central bank said in a statement Wednesday following a two-day meeting in Washington. The median of policy makers’ updated quarterly projections saw the rate at 0.875 perc...
10:45 OECD sees resurgent US growth boosting global economy11
14:36 U.S. economy added 178,000 jobs in November; unemployment rate dropped to 4.6 percent12
13:12 Putin Wants to Work With Trump as Equals to Restore Relations12
09:46 UK manufacturing growth cools unexpectedly in November: PMI9