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Federal Reserve Bank of New York President William Dudley said factors restraining price pressures should disappear with time, allowing the U.S. central bank to maintain its gradual pace of monetary policy tightening.

Top Republicans say they will meet with Democratic Gov. Dannel Malloy, who vows to veto the GOP-backed budget.

Inflation will reach 2% in 2019 and stay there in 2020, after getting close in 2018, Federal Reserve Board Chair Janet Yellen said during a press conference Wednesday afternoon.

A decade after the financial crisis first flickered, the U.S. is set this week to lead the developed world in exiting unconventional policies that central banks unleashed to save the global economy.

While Mayor Luke Bronin awaits state aid from a fractious government, a bondholder call looms.

The Federal Open Market Committee meeting should produce a start date for balance sheet reduction and a new dot plot, but no rate hike.

Several Democrats broke with their party to pass a GOP budget that Gov. Dannel Malloy intends to veto.

As the capital city's bonds plunged deeper into junk, Connecticut struggled to pass a state budget.

A planned overnight short-notice vote failed to materialize amid continued tweaks.

The rating agency cited warnings by Mayor Luke Bronin that Connecticut's capital could go bankrupt in 60 days.