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...
23:10 Tim Raines, Jeff Bagwell, Pudge Rodriguez elected to Baseball Hall of Fame11
12:23 Sterling volatile as market speculates on ‘hard Brexit’; investors await May's speech15
13:48 Wells Fargo Profit Falls 5.4% as Mortgage Revenue Declines24
10:27 India's Tata Consultancy third-quarter net up 10.9 percent, beats estimates20