The Federal Reserve is inching towards acknowledging how painful its inflation fight is likely to be, but it’s still a lot closer to the optimists than the pessimists. On a day when it raised interest rates by 0.75 percentage point to a range of 3% to 3.25%, the Fed also released economic projections showing that its median forecast for ...

Bloomberg United Airlines Holdings Inc faces potential disruption in one of its most lucrative overseas markets as 300 workers at London’s Heathrow airport begin voting in a strike ballot over pay. The poll of staff employed in operations, customer services and baggage handling will run until October 11, the Unite union said in a statement. United’s UK employees are in ...

  Bloomberg Airbus SE won a $4.85 billion deal to supply 40 airliners to a unit of China Southern Airlines Co, cementing its position in one of the world’s biggest aviation markets at the expense of chief rival Boeing Co. Xiamen Air, which has been an all-Boeing operator, agreed to buy Airbus’s A320neo narrow-body jets, according to a stock exchange ...