Federal Reserve

Fed holds rates steady, expects to cut balance sheet ‘relatively soon’

The Federal Reserve kept interest rates unchanged on Wednesday and said it expected to start winding down its massive holdings…

US consumer spending jumps, as monthly inflation rebounds

U.S. consumer spending recorded its biggest increase in four months in April and monthly inflation rebounded, pointing to firming domestic…

Markets wrap: Stocks, currencies on hold as traders await federal reserve

Markets were largely in a holding pattern Wednesday, with U.S. equities little changed near record levels and the dollar edging…

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