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The Fed has been gradually reducing its bond portfolio, a move that has likely contributed to higher borrowing rates. But at some point, to avoid weakening the economy, it could slow that process or end it sooner than now envisioned. Doing so would help keep a lid on loan rates and help support the economy.

The Google I/O keynote starts at 9:30 a.m. Pacific, live streaming here.

The G20's new commitment to address global steel overcapacity comes as the Trump administration is about to release a report on the national security implications of steel imports in the coming weeks.

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The Fed hadn't cut rates so sharply since the collapse of the subprime mortgage market 12 years ago, which roiled the market and threatened to ignite a severe economic downturn. Analysts expected the Fed to cut rates at its next regularly scheduled meeting later this month, but a week ago almost no one anticipated Tuesday's action.

The Federal Reserve had raised rates nine times since December 2015. But in 2019, it cut interest rates by one-quarter point in July, September and October amid slower US growth and fears of a global economic slowdown.

The Fire Service and Civil Defence brought the blaze at the Prime Pet and Plastics Industries Limited under control at around 5:45 pm local time on Wednesday after a hectic effort of half an hour.

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The FTA will demonstrate its full potential in the longer term. After two years and half of implementation, there are still several open questions and uncertainties in its application. The signing of the FTA was not the final act of this agreement. Given the high complexity of international trade and its wide scope, the FTA should rather be seen in progress. In this sense, implementation and experiences gathered by companies are essential for its long-term success.

The IAEA said that while China is trying to curb its reliance on coal, which pollutes the air and is hard to transport from mines in the west and north of the country to the economically developed southeast coast, it is building most of its reactors along this coast.

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The Gazette said Pollard acknowledged financial motivations behind the decision to let in fans. "There are economic issues — I have 215 staff members," he said.

The Fed's emergency rate cut, before its scheduled meeting on Wednesday, came just 12 days after another cut of 0.5 percentage point. The Fed rate was lowered to zero, matching its record low level during the 2008 financial crisis and where it was held until December 2015.