The Federal Reserve on Wednesday altered its language about when it will raise interest rates, saying the central bank can be "patient" in determining when to "normalize" monetary policy."
Most top Federal Reserve officials predict interest rates will rise in 2015, but not quite as much as previously estimated.
Full transcript of President Obama’s remarks on Cuba
Following its two-day policy meeting, the FOMC renewed its vow to hold rates low ‘for a considerable time’ despite speculation the phrase would be taken out. The Fed added it can be patient toward a liftoff.
A panel has selected Sullivan, Schenectady and Seneca counties as sites for casinos in upstate New York, deciding not to recommend a fourth.
A 20-year-old Egyptian woman died from bird flu on Wednesday, the ninth death in the country from the virus out of 18 identified cases, the Health Ministry said.
After 53 years of hostility between the United States and Cuba, the timing to make amends was perfect for both governments.
New York governor Andrew Cuomo's administration said on Wednesday it will ban hydraulic fracturing in the state after a long-awaited report concluded that the oil and gas production process poses health risks.
Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in October suggests that economic activity is expanding at a moderate pace.
The Dow Jones industrial average surged as much as 300 points after the Federal Reserve signaled it was edging closer to raising interest rates because of a strengthening U.S. economy, but promised to be "patient" in its approach.
The transportation sector is notably not participating in the broader market's gains, as a selloff in FedEx Corp.'s stock after disappointing quarterly results, and weakness in airline stocks after oil prices swung sharply higher, weighed heavily.
New York officials on Wednesday moved forward with an effort to ban fracking across the state, citing excessive environmental and health concerns.
A newly formed coalition of more than 300 construction-related private businesses in Wisconsin announced Wednesday that it will work to defeat a right-to-work proposal being discussed by Republican leaders in the Legislature.
Democrat Lauren McFerran is the newest member of the five-member National Labor Relations Board.