Dollar rebounds, stocks mixed ahead of Fed decision

By Dion Rabouin NEW YORK (Reuters) - 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. U.S. factory activity hit a more than a two-year high in January and a private payrolls report shot past expectations. "But political risks are definitely one of the biggest this year and, given the surprises we