Interest Rates

Fed Chairman Powell says the central bank is moving to normalize monetary policy 'with a view to extending the recovery.'

In a shift from their last meeting, policymakers indicated that the peso—in particular, the inflationary effect of its future potential weakness—would now be the first factor among those they're watching.

Fed officials also voted to continue reducing the central bank's balance sheet.

Companies with underfunded pension plans try to contain costs by buying annuities for retirees receiving modest benefits.

Benchmark hits highest level since 2008 in the wake of the Fed's rate hike.

But the FOMC omits a reference to the labor market strengthening further.