The Fed came very close to promising a rate cut Wednesday, and now markets are focused on a possible July rate cut.Market Insiderread more
Markets had expected the central bank to keep its benchmark interest rate steady while setting up a cut at the July meeting.The Fedread more
Powell said policymakers are concerned about some of the recent economic developments and see a growing case for easier policy.The Fedread more
The Fed chief said that despite reports that Trump was looking to demote or fire him, he doesn't plan on leaving anytime soon.The Fedread more
Federal Reserve Chairman Jerome Powell said on Wednesday that Facebook spoke to the central bank about the digital currency called LibraThe Fedread more
With bold and targeted steps, economists say, government can increase opportunity and incomes for many more people in ways that strengthen, not weaken, American capitalism.Politicsread more
The vote makes Mexico the first of the three countries to win legislative approval for the trade agreement.Politicsread more
Resident "Fast Money" crypto expert Brian Kelly breaks down the major differences between bitcoin and Facebook's new cryptocurrency Libra.Fast Moneyread more
Oracle found revenue growth from cloud applications in its fiscal fourth quarter, which helped it surpass analysts' expectations.Technologyread more
For those who want more power, the new Gran Coupe comes with a brutish, 523-horsepower twin-turbo V-8.Autosread more
American Airlines is the first major U.S. airline to order Airbus' new long-range, single aisle aircraft.Paris Air Showread more
China's annual economic growth is likely to slow to 6.8 percent in 2016 from an expected 6.9 percent this year, the People's Bank of China said in a working paper published on Wednesday.
China's consumer price index is likely to climb 1.7 percent in 2016 from this year, while its producer price index is forecast to fall 1.8 percent year-on-year, the central bank said in the research report.
The central bank expects China's fixed-asset investment to grow 10.8 percent in 2016 from this year and forecasts retail sales to rise 11.1 percent on-year.
China's exports are expected to rise an annual 3.1 percent in 2016 while imports areexpected to grow 2.3 percent, the PBOC said in its projections.
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