U.S. Federal Reserve

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FILE - In this Aug. 14, 2017 file photo, a protester kicks the toppled statue of a Confederate soldier after it was pulled down in Durham, N.C. Bombarded by the sharpest attacks yet from fellow Republicans, President Donald Trump on Thursday, Aug. 17, 2017, dug into his defense of racist groups by attacking members of own party and renouncing the rising movement to pull down monuments to Confederate icons. (Casey Toth/The Herald-Sun via AP, File)/The Herald-Sun via AP)

Trump steps up his attacks on Federal Reserve’s rate hikes

By MARTIN CRUTSINGER - Associated Press

A man looks at an electronic stock board of a securities firm in Tokyo, Thursday, Oct. 11, 2018. Asian markets tumbled on Thursday, after Wall Street slumped on a heavy selling of technology and internet stocks. Japan’s benchmark fell by an unusually wide margin of 3.9 percent. (AP Photo/Koji Sasahara)

U.S. stocks keep falling after worst loss in 8 months

By Marley Jay - Associated Press

A screen above the floor of the New York Stock Exchange shows the closing number of the Dow Jones industrial average, Wednesday, Oct. 10, 2018. The Dow Jones Industrial Average plunged more than 800 points, its worst drop in eight months, led by sharp declines in technology stocks. (AP Photo/Richard Drew)

Q&A: Why rising interest rates are shaking financial markets

By STAN CHOE - Associated Press

US consumer borrowing up strong $20.1 billion in August

By MARTIN CRUTSINGER - Associated Press

FILE- In this Tuesday, Oct. 2, 2018, file photo a board above the floor of the New York Stock Exchange shows the Dow Jones industrial average at it reaches 26,793.13 during intraday trading. After rising steadily for much of the past year, Treasury yields got a shot of adrenaline this week, and the yield on the 10-year Treasury leaped to its highest level in seven years. It temporarily crossed above 3.20 percent during trading on Thursday, up from 3.05 percent late Tuesday. (AP Photo/Richard Drew, File)

Q&A: Why rising interest rates are shaking financial markets

By STAN CHOE - Associated Press

Fed chairman defends gradual pace of rate hikes

By MARTIN CRUTSINGER - Associated Press

Federal Reserve Chairman Jerome Powell speaks at the annual meeting of the National Association for Business Economics, Tuesday, Oct. 2, 2018, in Boston. (AP Photo/Elise Amendola)

Fed Chair Powell says gradual rate hikes best approach

By MARTIN CRUTSINGER and STEVE LEBLANC - Associated Press

Federal Reserve Chairman Jerome Powell listens to a question during a news conference in Washington, Wednesday, Sept. 26, 2018. The Federal Reserve has raised a key interest rate for the third time this year in response to a strong U.S. economy and signaled that it expects to maintain a pace of gradual rate hikes. (AP Photo/Susan Walsh)

Powell: Fed rate increases are intended to prolong recovery

By MARTIN CRUTSINGER - Associated Press

FILE- In this May 10, 2018, file photo signs for the New York Stock Exchange hang above the trading floor. The U.S. stock market opens at 9:30 a.m. EDT on Wednesday, Sept. 26. (AP Photo/Mark Lennihan, File)

Markets Right Now: Stocks give up early gain and end lower

Associated Press

In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on &quot;The Semiannual Monetary Policy Report to the Congress,&quot; at Capitol Hill in Washington. (AP Photo/Jose Luis Magana, FIle)

Fed raises rates for 3rd time this year with 1 more expected

By Martin Crutsinger - Associated Press

Fed seems poised to raise rates for a 3rd time this year

By MARTIN CRUTSINGER - Associated Press

In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on &quot;The Semiannual Monetary Policy Report to the Congress,&quot; at Capitol Hill in Washington. (AP Photo/Jose Luis Magana, FIle)

Fed poised to raise rates for third time this year

Associated Press

FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on &quot;The Semiannual Monetary Policy Report to the Congress,&quot; at Capitol Hill in Washington. The Federal Reserve will surprise no one if it does Wednesday, Sept. 26, what it’s poised to do for a third time this year: Raise its key short-term interest rate by a modest quarter-point to help keep inflation in check, and signal that another hike is likely in December. (AP Photo/Jose Luis Magana, File)

3 things to watch for from the Federal Reserve on Wednesday

By MARTIN CRUTSINGER - Associated Press

FILE- In this July 17, 2018, file photo Federal Reserve Board Chair Jerome Powell testifies before the Senate Committee on Banking, Housing, and Urban Affairs on &quot;The Semiannual Monetary Policy Report to the Congress,&quot; at Capitol Hill in Washington. The Federal Reserve will surprise no one if it does Wednesday, Sept. 26, what it’s poised to do for a third time this year: Raise its key short-term interest rate by a modest quarter-point to help keep inflation in check, and signal that another hike is likely in December. (AP Photo/Jose Luis Magana, File)

Fed’s 3rd hike this year expected despite rising trade risks

By MARTIN CRUTSINGER - Associated Press

In this June 15, 2018 photo, cash is fanned out from a wallet in North Andover, Mass. On Thursday, Aug. 20, the Federal Reserve reports on household wealth for the April-June quarter. (AP Photo/Elise Amendola)

Buoyant stocks lift US household wealth, mainly for affluent

By CHRISTOPHER RUGABER - Associated Press

Trump to nominate economist Nellie Liang for Fed board seat

By MARTIN CRUTSINGER - Associated Press

San Francisco Federal Reserve names Mary Daly as president

By CHRISTOPHER RUGABER - Associated Press

FILE- In this Sept. 17, 2008, file photo trader Christopher Crotty rubs his eyes as he works on the floor of the New York Stock Exchange. Home prices had sunk, and foreclosure notices began arriving. Layoffs began to spike. Tremors intensified as Lehman Brothers, a titan of Wall Street, slid into bankruptcy on Sept. 15, 2008. The financial crisis touched off the worst recession since the 1930s Great Depression. (AP Photo/Richard Drew, File)

Decade later: Safer financial system yet much hasn’t changed

By The Associated Press - Associated Press

Fed survey finds concerns about rising trade tensions

By MARTIN CRUTSINGER - Associated Press

FILE- This June 10, 2015, file photo shows chip credit cards in Philadelphia. On Monday, Sept. 10, 2018, the Federal Reserve releases its July report on consumer borrowing. (AP Photo/Matt Rourke, File)

US consumer borrowing up strong $16.6 billion in July

By MARTIN CRUTSINGER - Associated Press