Following a series of interest rate hikes earlier in the year, the Federal Reserve on Wednesday announced its widely expected decision to leave rates unchanged for the third consecutive meeting.The projections provided by the Fed along with its monetary policy announcement also suggest the central bank plans to begin cutting rates next year.In support of its dual goals of maximum employment and in...
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.