Analysts say the partial U.S.-China trade deal doesn't touch on thorny issues plaguing both sides, and warn talks could break down again.World Economyread more
"The Champagne should probably be kept on ice, at least until the two presidents put pen to paper," said state-owned media China Daily.Traderead more
Economists polled by Reuters had expected Chinese exports denominated in the U.S. dollar to fall by 3% and imports to decline by 5.2% in September, compared to a year ago.China Economyread more
The U.K. and EU are gearing up for what could be the busiest week in British politics since June 2016.Europe Politicsread more
The U.S. had plans to hike duties on at least $250 billion in Chinese goods to 30% from 25% on Tuesday. Despite the partial trade deal, some banks on Sunday wrote that tariff...Marketsread more
The industry has pulled in $322 billion over the past six months, the fastest pace since the second half of 2008.Marketsread more
A technical recession occurs when there are two consecutive quarters of economic contraction.Asia Economyread more
"Deepfakes" are being used to depict people in fake videos they did not actually appear in, and can potentially affect elections, diplomacy and how markets move, experts say.Technologyread more
Chinese President Xi Jinping warned on Sunday that any attempt to divide China will be crushed.China Politicsread more
Syria's Kurds said Syrian government forces agreed Sunday to help them fend off Turkey's invasion.World Newsread more
U.S. President Donald Trump said that both sides reached a "very substantial phase one deal" that will address intellectual property and financial services concerns and...Asia Marketsread more
The Federal Reserve sees no further rate cuts in 2019 and 2020.
The central bank lowered rates on Wednesday by 25 basis points to a range of 1.75% to 2.00%. The Fed's September meeting follows its first rate cut since the financial crisis, a 25 basis point reduction in July.
Though the Fed's forecast showed no further rate cuts, members of the Federal Open Market Committee were actually divided on what action the central bank should take moving forward.
Five members wanted the Fed to hold its previous range of 2% to 2.25%, five others supported Wednesday's cut but wanted to keep it at that level through the rest of year, while seven members wanted at least one more reduction in 2019.
Stocks were lower Wednesday as a divided Fed failed to give a clear rate forecast for this year.
Federal Reserve Chairman Jerome Powell had said the July cut was a "midcycle adjustment" to support the economy amid flagging global growth and to boost inflation, suggesting that further reductions this year were not guaranteed.
But Powell, speaking at the central bank's August summit in Jackson Hole, Wyoming, said the Fed "will act as appropriate to sustain the expansion" as the global economy slows due to uncertainty caused by the U.S.-China trade war.
The Fed has adjusted its policy this year after raising rates seven times during the Trump administration. President Donald Trump has repeatedly slammed the Fed for those rate increases, calling for the central bank to slash rates to zero.
Trump criticized Fed Chairman Powell minutes after the central bank's Wednesday decision, presumably for not slashing rates fast enough. The president said the central bank "fails again" and has "no vision."
In June, the last time the Federal Reserve released a forecast, the central back said it did not expect any cuts until 2020.
Ahead of the Fed's 2 p.m. announcement, many economists were forecasting one further cut in 2019, but some investors were hoping for two more.