The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September. "On balance, a range of labor market indicators suggest that underutilization of labor resources has diminished since early this year," the Fed said in a policy statement that kept rates unchanged. The statement may strengthen expectations of a rate hike at the Fed's September meeting.
A mysterious piece of plane debris washed up on the French Indian Ocean island of La Reunion on Wednesday, prompting some speculation it could be part of the missing Malaysia Airlines flight MH370. The two-metre (six-foot) long piece of wreckage, which seemed to be part of a wing, was found by people cleaning up a beach. French air transport officials have already opened a probe to investigate where the wreckage could have come from.