Federal Reserve Decision and Irish Prime Minister's Resignation: What's Happening in Business and Markets

The big question ahead of today’s Federal Reserve decision is whether US policymakers still expect to cut rates three times this year, or whether they will switch to two. Leo Varadkar is to step down as Ireland’s prime minister and leader of the Fine Gael party in an unexpected decision that government sources said would not trigger an immediate general election. Chancellor Jeremy Hunt has ordered the immediate reversal of plans to scale back drastically the UK tax authority’s public helplines, which were announced just yesterday. Boeing has warned that it will burn more cash in the first quarter than previously expected as the US planemaker grappled with the fallout from the recent blowout of a door panel in mid-flight from one of its aircraft.