WASHINGTON — The Federal Reserve took its finger off the pause button on Wednesday, signaling that it plans to resume increasing its benchmark interest rate in the coming months.
The Fed, in a statement after a two-day meeting of its policy-making committee, said the domestic economy seemed little harmed by the recent turmoil in financial markets.
15:45 Warren Buffett rails against fee-hungry Wall Street managers11
13:09 JCPenney shuttering up to 140 stores as sales weaken, more sluggish growth seen ahead15
00:06 Some Fed Officials Support Moving Faster to Raise Interest Rate16
18:52 Powell, keeping cards close, says Fed to gradually hike rates12