Federal Reserve

Fed's 3rd hike this year expected despite rising trade risks

The Federal Reserve will surprise no one if it does Wednesday what it seems poised to do for a third time this year: Raise its key short-term interest rate by a modest quarter-point to help keep inflation in check — and hint that another hike is likely in December.

World stocks rise on report of US-China trade talks

Asian markets were mostly higher Thursday after a report that the U.S. proposed a new round of trade negotiations with China quelled fears that a dispute between the world's two largest economies was spiraling out of control.