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Our top stories.

The Federal Reserve left its benchmark interest rate unchanged, as expected, at a range between 5.25% and 5.5%.

Jerome Powell, the Fed's chairman, said he was pleased with progress in bringing inflation

down, but did not indicate when rate cuts might begin.

Investors largely reckon June.

America's Central Bankers still expect to lower rates three times this year as growth slows and markets soared on the news.

The Dow Jones, S&P 500 and NASDAQ indices all hit record highs.

Reddit reportedly priced its shares at $34, valuing the social media firm at about $6.4 billion dollars ahead of a listing on

Thursday in New York. It will raise 748 million dollars through the share sale

a rare bright spot amid a lackluster few years for public offerings.

In 2021, when venture capital money was free-flowing,

Reddit was privately valued at $10 billion.

America will give $8.5 billion in funding to Intel,

with a further $11 billion in loans, to grow the company's capacity to make advanced chips.

The firm also hopes to receive $25 billion in tax breaks as competes with international rivals such as T.S. M. C.

A Taiwanese chipmaker.

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