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Fed renews zero rate pledge, but hints at steeper rate hike path

WASHINGTON - The Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving. | Video

Recent Business News

U.S. inflation surprisingly weak, Fed keeps low rates pledge

WASHINGTON - U.S. consumer prices fell for the first time in nearly 1-1/2 years in August and underlying inflation pressures were muted, which could lessen the urgency for the Federal Reserve to raise interest rates.

4:50pm EDT

IMF warns of risks from 'excessive' financial market bets

WASHINGTON - The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on Wednesday.

4:03pm EDT

Apple to unveil new iPads, operating system on Oct. 21: report

- Apple Inc is set to launch two new iPads and release the next version of its Mac operating system at its next event on Oct. 21, a Daily Dot report said, citing sources familiar with the matter.

2:40pm EDT

Exclusive: Jimmy Choo to pledge industry-beating growth in expected IPO

PARIS - Luxury shoe brand Jimmy Choo will seek to woo investors with a share market flotation prospectus promising industry-beating annual sales growth of more than 10 percent on the back of aggressive expansion plans in Asia and elsewhere, a source close to the deal told Reuters.

5:09pm EDT

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