The Federal Reserve said on Wednesday it had turned a key corner in the fight against high inflation, but that "victory" would still require its benchmark overnight interest rate to be increased further and remain elevated at least through 2023.
- WorldRussia advances in eastern Ukraine, strike on apartments kills civilians
President Volodymyr Zelenskiy and a senior defence official issued dire accounts of Russian forces shelling and advancing in Ukraine's eastern province of Donetsk, the main focal point of the 11-month-long war.
- MarketsAdani abandons $2.5 bln share sale in big setback to Indian tycoon
Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal.
- WorldNikki Haley, once Trump's UN ambassador, to take him on in 2024
The move could set the stage for a more combative phase of the campaign, potentially putting her in the sights of the former U.S. president.
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The Wider Image
Cracks begin to show in India’s Himalayan building spree