Government And Institutions

The U.S. Federal Reserve raised interest rates by a quarter point on Wednesday and signaled a faster pace of increases in 2017 as the Trump administration takes over with promises to boost growth through tax cuts, spending and deregulation.

Well, finally: To the surprise of almost no one, Federal Reserve policymakers decided Wednesday to raise short-term U.S. interest rates for the first time in a year.

Well, finally: To the surprise of almost no one, Federal Reserve policymakers decided Wednesday to raise short-term U.S. interest rates for the first time in a year.

Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been expanding at a moderate pace since mid-year.

Below is the statement the Fed released Wednesday after its policy meeting ended: Information received since the Federal Open Market Committee met in November indicates that the labor market has continued to strengthen and that economic activity has been expanding at a moderate pace since mid-year.

U.S. President-elect Donald Trump and Silicon Valley executives met at his Manhattan tower on Wednesday to smooth over frictions after both sides made no secret of their disdain for each other during the presidential campaign.

U.S. President-elect Donald Trump and Silicon Valley executives met at his Manhattan tower on Wednesday to smooth over frictions after both sides made no secret of their disdain for each other during the presidential campaign.

An Asian unit of 21st Century Fox says it has launched legal action against Thailand's biggest bank for failing to honor payment guarantees it made on behalf of operators of two digital TV channels.

An Asian unit of 21st Century Fox says it has launched legal action against Thailand's biggest bank for failing to honor payment guarantees it made on behalf of operators of two digital TV channels.

Silicon Valley leaders were among Donald Trump's most outspoken opponents during the presidential campaign.

Silicon Valley leaders were among Donald Trump's most outspoken opponents during the presidential campaign.

Many people don't think about their taxes until springtime, but putting it off could mean owing more.

Many people don't think about their taxes until springtime, but putting it off could mean owing more.

Shares of General Motors are falling after a Chinese state-run newspaper reported that the government will penalize a U.S. automaker soon for alleged anti-competitive behavior.

Shares of General Motors are falling after a Chinese state-run newspaper reported that the government will penalize a U.S. automaker soon for alleged anti-competitive behavior.

The Federal Reserve is expected to raise its key interest rate for the first time in a year when its policy meeting ends Wednesday.

The Federal Reserve is expected to raise its key interest rate for the first time in a year when its policy meeting ends Wednesday.

By just about everyone's estimation, the Federal Reserve will have an announcement to make Wednesday afternoon: It's raising interest rates.

By just about everyone's estimation, the Federal Reserve will have an announcement to make Wednesday afternoon: It's raising interest rates.

Cuisinart is voluntarily recalling about 8 million food processors after dozens of consumers reported finding pieces of broken blades in their food.