- Stocks getting a bit frothy after move higher, could pause as more earnings roll out
- Exclusive: U.S. demands regular review of China trade reform
- Nicaragua paper runs blank front page in protest of Ortega government
- Cramer's game plan: This week, forecasts are more important than earnings
- "The Takeout" - Rep. Donna Shalala 1/18/19
The Federal Reserve on Wednesday raised its benchmark interest rate a quarter percentage point, marking the seventh such move since the end of 2015.
Continue Reading Below
The federal funds rate now sits between 1.75% and 2%.
The central bank had projected three to four rate hikes this year as the economy continues to pick up steam and inflation nears the 2% target rate thanks to strong labor market conditions.
Investors will be listening to Federal Reserve chair Jerome Powell’s second press conference as leader of the U.S. central bank for clues on how the institution is factoring trade conflicts and global tensions into its strategy as it continues on the path toward policy normalization.
Follow below for more on Powell’s comments: