(Bloomberg) -- The rally in stocks that followed the Federal Reserve decision proved short lived as concern over persistently high inflation and an economic recession resurfaced.Most Read from BloombergU.S. Forgives $6.8 Billion in Public Service Worker Student LoansFed Hikes Rates Half-Point as Powell Signals Similar Moves AheadElon Musk, Cathie Wood Say Passive Funds Have Gone Too FarAt 78, Investor Preps for ‘Biggest Bear Market in My Life’ Ukraine Latest: U.K., Japan to Help Asia Shift From

The Biden administration is withdrawing its Covid-19 vaccination and testing regulation aimed at large businesses, following the Supreme Court's decision to block the rule earlier this month.

A large group of people opposed to Covid-19 restrictions has gathered in Westminster to demonstrate against Boris Johnson's Plan B announcement.