US stock indexes advanced on Wednesday after the US Federal Reserve left its key policy rate unchanged, as widely expected, leaving investors betting on a rate hike at its next monetary policy meeting in December. In its accompanying statement, the Fed upgraded its assessment of the economy while acknowledging inflation “remains elevated.” At the press conference following the release, Fed Chair Kevin Warsh said the central bank has made clear its willingness and readiness to act. “The Fed...
The Federal Reserve held interest rates steady Wednesday, even as inflation data has been worsening – but the central bank is largely expected to issue a quarter-point…
The Fed held rates steady as expected, buying time for more data. Yet, many still expect a rate hike in December.
Wall Street banks are poised to score significant regulatory relief thanks to US President Donald Trump’s Republican regulators, but ensuring the changes survive…
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