Fed Holds Rates Steady, Hints at Cuts if Outlook Doesn't Improve
Federal Reserve officials held interest rates steady, but strongly suggested they would cut them in the months ahead if an economic outlook clouded by uncertainty over trade policy didn't improve.
Mexico Ratifies Trade Pact with U.S., Canada
Mexico's Senate overwhelmingly voted for a broad revision of trade rules between the United States, Canada and Mexico-making the nation the first of the three partners to ratify the pact designed to replace the North American Free Trade Agreement.
Brazil's Central Bank Leaves Benchmark Selic Rate Unchanged
Brazil's central bank left its benchmark lending rate unchanged as expected, amid growing expectations it will start cutting again before the end of the year as the economy sputters.
Suspected Iranian Oil Caught in Sanctions Trap
With U.S. sanctions on Iran bearing down, Italian oil giant Eni rejected a cargo of crude that bore the hallmarks of Iranian oil.
FASB Advances Toward Easing Accounting Burden for Libor Phaseout
FASB, which sets U.S. accounting standards, tentatively decided that changes in a contract's reference rate, such as Libor, would be accounted for as a continuation of that contract, provided it met certain criteria.
Stocks Rise as Fed Leaves Rates Unchanged
U.S. stocks crept toward record highs as the Federal Reserve left interest rates unchanged but hinted it could slash rates in the months ahead.
Oil Declines as Demand Concerns Persist
Oil prices closed lower as worries about demand outweighed government data showing a decline in U.S. production and crude stockpiles.
Thank Boeing for the Dow's Latest Rise
The Dow Jones Industrial Average is within striking distance of a record, thanks to a stock that had been one of its biggest laggards earlier this year: Boeing.
EPA Overturns Obama-Era Clean Air Rules for Power Plants
The Trump administration moved to try to revive the coal-power industry, overturning Obama administration policies aimed at stemming climate change and adopting rules that could allow older power plants to continue operating.
Canada Inflation Accelerated in May
Canada's annual inflation rate climbed markedly in May, driven by steep price increases for fresh vegetables and passenger vehicles.