European markets are expected to open higher Wednesday ahead of the latest monetary policy decision from the U.S. Federal Reserve.
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Fed seen making small changes to keep fed funds above zeroThe Federal Reserve is widely expected on Wednesday to lift the interest rates that influence its fed funds target, a technical move that could keep interbank lending running smoothly and help prevent financial market disruption should the benchmark rate fall below zero.
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Asia shares cautious ahead of Fed, corporate earningsAsian shares were cautiously higher on Wednesday as investors paused ahead of the U.S. Federal Reserve's policy decision while oil prices jumped on hopes demand will pick up as many countries lift some of the coronavirus-related restrictions.
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WSJ News Exclusive | How Fed Intervention Saved CarnivalThe previously unreported tale of Carnival’s rescue shows how effective the Fed has been in turning the debt spigot back on for large corporations
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‘Fate and History’: The Fed Tosses the Rules to Fight Coronavirus DownturnBy lending widely to businesses, states and cities, the central bank is breaking taboos about who gets money to prop up a frozen U.S. economy, risking a political backlash down the line.
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The Fed says it is expanding its municipal bond buying programThe central bank said the facility now will buy debt from counties and states with populations of at least 500,000 and cities with 250,000 residents or more.
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Fed Chair Powell steps back on the stageFederal Reserve Chairman Jay Powell steps back on the stage Wednesday with the latest FOMC announcement and press conference. But Powell's message is NOT likely to please President Trump.
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