Fed ups its GDP forecast for 2019 slightly to 2.2%
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged.
The Federal Reserve dialed up its growth expectations slightly while keeping its inflation projection unchanged.
Jerome Powell pledged that the central bank would engage in a "sequence" of interest rate cuts if conditions warrant, but he doesn't see that as necessary now.
Powell said on Wednesday that the Fed may have to resume regular balance sheet growth to help ease money markets.
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.
Wall Street sank on Wednesday as Federal Reserve policymakers gave mixed signals about their next move after cutting interest rates by a quarter of a percentage point in a widely expected move.
Nearly two dozen U.S. lobbying groups have joined forces to try to rein in U.S. President Donald Trump's power to unilaterally impose tariffs amid growing concern about the negative economic impact of his trade policies.
General Motors Co plans to temporarily lay off 1,300 workers at its final assembly plant in Oshawa, Canada due to a slowdown at United States plants during the United Auto Workers strike, CNBC reported on Wednesday.
Italy's new government expects the economy to expand by only about 0.4% next year after eking out 0.1% growth this year, three sources close to the matter told Reuters, underscoring the need for an expansionary 2020 budget.
The London Metal Exchange (LME) will postpone plans to ban metal tainted by human rights abuses until 2025, giving producers three more years to comply with guidelines and the exchange time to rethink its approach, industry sources said.
Germany's blue-chip companies could face billions of euros in costs to cut carbon emissions under a climate protection plan due to be unveiled by the government on Friday, according to a study by asset manager Union Investment.
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DoubleLine Capital's Jeffrey Gundlach spoke to CNBC on Wednesday ahead of the Federal Reserve's decision on interest rates.
The Federal Reserve injected more cash into the U.S. banking system on Wednesday as the key interest rate pierced above the central bank's targeted range for the first time since the height of the global financial crisis over a decade ago.