Business

Rate Pause Lifts Markets but Economists Warn of Complacency

The Fed held rates steady for a third consecutive meeting, sending equities to fresh highs even as inflation data remains mixed and housing affordability continues to strain household budgets.

Business

Eleventh-Hour Deal Averts West Coast Port Strike

A tentative agreement reached just before the midnight deadline keeps cargo moving at the nation's busiest container ports. Retailers and automakers called the outcome a relief but warned that backlogged shipments could take weeks to clear.