US aerospace giant Boeing Wednesday reported higher quarterly profits and forecast another increase in commercial plane deliveries in 2015 thanks to strong demand from airlines. The strong earnings came on the heels of a Boeing announcement in December that it delivered a record 723 jets, surpassing a previous record of 648, on rising demand from newer airlines in emerging markets and more seasoned companies replacing their fleets. Boeing projects commercial deliveries will rise to 750-755 in 2015. Boeing has invested heavily in the 787 "Dreamliner" and other models that employ light-weight components that demand less fuel.
By Michael Flaherty and Howard Schneider WASHINGTON,(Reuters) - The Federal Reserve on Wednesday repeated that it will remain "patient" in deciding when to raise interest rates, and said the U.S. economy is on track despite turmoil in other markets around the world. "The committee judges that it can be patient in beginning to normalize the stance of monetary policy," the Fed's policy statement said. The Fed acknowledged that inflation had declined further below its longer-run objective and that market-based inflation measures had fallen substantially - a more negative assessment of inflation pressures than in December. Some Fed officials and economists have indicated a rate hike, which would be the first in nearly a decade, is more likely to occur between June and September.