FEDERAL RESERVE

The U.S. Federal Reserve raised interest rates on Wednesday and left intact its plans to steadily tighten monetary policy, as it forecast that the country's economy would enjoy at least three more years of growth.

All economists polled by International Business Times expect the U.S. Federal Reserve to raise its benchmark Fed Funds Rate by 25 basis points to 2.0-2.25 percent.

The U.S. Federal Reserve's practice of normalizing interest rates and running quantitative tightening at the same time will end badly for the U.S. economy and equity markets.

The Federal Reserve’s steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control, Fed Chair Jerome Powell said on Friday in a high-profile endorsement of the central bank’s current approach to policy.

The Fed in June raised rates for a second time this year, marking the seventh time it has hiked rates since late 2015. It is widely expected to hike rates again when it next meets in September.

The Federal Reserve could raise interest rates again in September if a robust economy helps the labor market weather trade tensions.

Trump said he was concerned about the potential impact on the U.S. economy and American corporate competitiveness from rising rates and a stronger dollar.

Federal Reserve Chairman Jerome Powell, discounting the risk that a trade war may throw a global recovery off track, said the economy is on the cusp of “several years” where the job market remains strong and inflation stays around the Fed’s 2 percent target.

The FCC rules for repealing net neutrality protections were published in the Federal Register and will go into effect on April 23.

Using fintech tools to monitor your finances may lead consumers to avoid overdraft penalties and interest payments, according to a new study. But it also can lure younger users into unnecessary spending and credit card usage.

Loan growth is slowing in the United States, which could impede economic growth.

Cash is being displaced in so many ways that it’s hard to keep track.

The Federal Reserve has another way of raising interest rates that receives far less attention.

U.S. prosecutors are reportedly building a case that would target Chinese middlemen who allegedly helped the reclusive East Asian nation organize the multimillion-dollar theft.

Minorities and women hold disproportionately larger amounts of debt, and therefore will be substantially impacted by a rise in interest rates.

The dollar index took a nosedive, but major stock indexes shot up in the wake of Fed Chair Janet Yellen's announcement.

The smart money is on a rate increase in light of recent economic data.

Friday's report for the first full month of the Trump presidency is the final piece of economic news the Federal Reserve needs to decide on a rate hike.

Yellen told the audience that the central bank predicted "the evolution of the economy to warrant further gradual increases in the target range for the federal funds rate."

Sen. Richard Shelby, R-Ala., asked the Federal Reserve chair how she planned to "deal with" Trump's upcoming central bank governor appointments.

When the Fed hiked interest rates in December, Chair Janet Yellen hinted at three increases in 2017. Now, experts aren't so sure.