WASHINGTON - The Federal Reserve on Wednesday upgraded its assessment of the U.S. economy, taking note of a decline in the jobless rate and signaling more comfort that inflation was moving up toward its target.
Recent Business News
NEW DELHI - U.S. Secretary of State John Kerry, who arrived in India on Wednesday for an official visit, has pressed New Delhi to drop its opposition to global trade reforms, saying it was a test of the country's commitment to advance economic liberalization. | Video
- Standard & Poor's on Wednesday cut its credit rating on Argentina's foreign-currency sovereign debt to "selective default" even as talks between officials from Latin America's No. 3 economy and a group of holdout creditors continued in New York.
Good news: the economy bounced back last quarter.