NEW YORK - U.S. stocks were little changed on Wednesday, as equities recouped much of their earlier declines amid signs of progress in diplomatic attempts to ease tensions surrounding Ukraine.
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- Pimco raises U.S. economic outlook, says China growth to slow
- Fed nominees Fischer and Brainard stress jobs, financial stability
- Fed seen hiking U.S. rates in second half of 2015 as jobless rate falls
- U.S. SEC proposes new rules to safeguard clearing agencies
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WASHINGTON - Federal Reserve Governor Jerome Powell said the U.S. central bank faces a "careful balancing" act in trying to remove its monetary policy accommodation at the right pace.
The state of the US job market is essentially unchanged. On Wednesday morning, the most recent Bureau of Labor Statistics Job Openings and Labor Turnover (JOLTs) data showed that the rate of hiring, turnover, and the number of open jobs was largely unchanged.
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