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Central bank keeps policy rate in 5.25%-5.50% rangeProjections show high rates continue through 2024Fed sees continued economic growth, low unemploymentWASHINGTON, Sept 20 (Reuters) - The U.S. Federal Reserve held interest rates steady on Wednesday but stiffened a hawkish monetary policy stance that its officials increasingly believe can succeed in lowering inflation without wrecking the economy or leading to large job losses.The Fed's benchmark overnight interest rate may still be lifted one more time this year to a peak 5.50%-5.75% range, according to updated quarterly projections released by the U.S. central...

LONDON, Sept 20 (Reuters) - An eerie calm in U.S. Treasuries seems at odds with uncertainty about the end of the harshest tightening cycles in decades - but it's a lifebuoy for wider markets fearful of draining liquidity.Even though 10-year Treasury yields are clocking 15-year highs, visibility on medium-term growth, inflation, oil prices and government debt is foggy and the Federal Reserve remains coy about the precise end of its 18-month rate squeeze - bond market volatility has plummeted over the past month.The closely watched MOVE index (.MOVE) of implied...

U.S. and Chinese flags are seen in this illustration taken Jan. 30, 2023. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Sept 19 (Reuters) - Geopolitics and a slowing economy are fuelling pessimism among U.S. businesses operating in China, with the proportion of firms optimistic about their five-year outlook in the country falling to a record low, a survey released on Tuesday said.Even after the ending of COVID curbs, which weighed heavily on both revenues and sentiment in 2022, the percentage of surveyed U.S. firms optimistic about the five-year China business outlook...