Stocks and ‘chaos monkeys,’ Tesla’s BYD threat, and Warren Buffett’s great timing: Markets news roundup

The Federal Reserve kept interest rates on hold on Wednesday as expected, but it raised its inflation and unemployment forecasts, trimmed its GDP projection and slowed the pace of the sale of some assets from its balance sheet. The CPI outlooks for this year and next are now 2.7% and 2.2%, respectively.

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