Federal Reserve

Global stock markets drop after Fed rate hike

Asian stocks were mostly lower Thursday after the Fed raised rates again as expected, followed by similar moves in China and Hong Kong that dampened investor sentiment.

Text of the Fed's statement after its meeting Wednesday

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 rising at a solid rate.

Fed's Powell eyes Bitcoin's future

The U.S. Federal Reserve will be keeping a watchful eye on bitcoin and other cryptocurrencies, Fed chair nominee Jerome Powell said before Congress on Tuesday.