As widely expected, the Federal Reserve announced on Wednesday that it has decided to leave interest rates unchanged.The Fed maintained the target range for the federal funds rate at 2.25 to 2.50 percent for the third consecutive meeting.The central bank said information received since its previous meeting in March showed economic activity rose at a solid rate.After the March meeting, the Fed note...
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.