Federal Reserve Chairman Jerome Powell testifies on monetary policy, before the House Financial Services Committee on Capitol Hill. Photo: TNS

US Fed to raise rates for first time in 2018 as trade tensions grow

Fears the Fed could raise its benchmark interest rate at a faster pace, perhaps as many as four times this year, spooked markets last month, briefly sparking a global stocks sell-off in early February

Topic |   Federal Reserve

TOP PICKS

Federal Reserve Chairman Jerome Powell testifies on monetary policy, before the House Financial Services Committee on Capitol Hill. Photo: TNS
READ FULL ARTICLE