Stocks briefly bounced higher Wednesday, but then headed lower after the Federal Reserve opted to keep benchmark rates low and policy accommodative at the conclusion of its two-day meeting, despite rising inflation.
U.S. Treasury yields rose Wednesday as the Federal Reserve's policy statement reflected an improving U.S. recovery thanks to vaccinations and fiscal support.
The Federal Reserve stuck to its strategy of supporting the U.S. economy with ultra-low interest rates at its most recent gather of senior central bankers.
Wealthy countries share blame for the COVID-19 crisis in India for failing to coordinate and create a global response to the coronavirus pandemic, and for hogging vaccine supply against the advice of health experts, Dr. Anthony Fauci said Wednesday.
Wealthy countries share blame for the COVID-19 crisis in India for failing to coordinate and create a global response to the coronavirus pandemic, and for hogging vaccine supply against the advice of health experts, Dr. Anthony Fauci said Wednesday.