Dollar rebounds, stocks mixed ahead of Fed decision

Wall Street stocks pared their early gains on Wednesday as utility and energy shares in the U.S. dragged, but the dollar remained higher along with major equity markets around the world as strong data suggested the global economy was picking up steam. The dollar rose 0.4 percent Wednesday, boosted by the stronger-than-expected reading on U.S. employment and solid manufacturing data. Bruised dollar bulls were also looking to the decision by the Federal Reserve later in the day that is expected to