U.S. equity indexes dipped and Treasury yields pushed higher on Wednesday after the Federal Reserve held interest rates steady and gave little insight into when further reductions in borrowing costs may take place.

Treasury yields ticked higher Wednesday after the Federal Reserve held interest rates unchanged and didn’t say that inflation was making progress toward its 2% goal, as it had in its previous policy statement.

The US Senate confirmed Scott Bessent as the next secretary of the Treasury, becoming the chief economic spokesman for President Donald Trump and his sweeping agenda of tax cuts, deregulation and trade rebalancing.

Learn all about the appointment of billionaire hedge fund manager Scott Bessent as US Treasury Secretary and his pro-crypto position.

Britain's Labour government will back plans for a third runway at London's Heathrow Airport, finance minister Rachel Reeves announced on Wednesday, saying the project could create over 100,000 jobs in the economy.