Oil prices fell on Wednesday despite data showing a drop in crude inventories in the U.S. in the week ended September 15.
The Federal Reserve today left the interest rate unchanged, but projected a rate increase by the end of the year and keeping interest rates at an elevated level through 2024.
While the central bank's forecast for the end of the year was unchanged from June, the latest projections indicate officials expect rates to remain higher for longer than previously anticipated.
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Market Analysis
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.