Fed Holds Rates Steady But Future Hikes Uncertain; Markets Rally as Highway Fund Faces Depletion

The Federal Reserve held interest rates steady but signaled future hikes are uncertain as it monitors inflation and the economy.

Global stock markets rose after the Fed's dovish tone, while the dollar declined. Commodity prices including oil and precious metals also climbed.

The Highway Trust Fund faces depletion by 2028 amid improved gas mileage and electric vehicles; a per-mile tax alternative needs more time to test before the next roads bill.

Mexico surpassed China as the top U.S. trading partner as billions pour into factories south of the border.

House lawmakers voted against expelling Rep. George Santos despite his campaign fabrications; the GOP said legal issues should play out first.