Fed raises interest rates amid fierce pushback from Trump, signals fewer hikes in 2019

The Federal Reserve on Wednesday raised its key interest rate for the fourth time this year but signaled fewer rate hikes in 2019 than it had forecast. Americans with credit cards and other short-term loans will soon notice the increase, though banks typically take longer to raise interest rates for savers. The hike came amid criticism from President Donald Trump, signs of an economic slowdown, and stock-market volatility. The Federal Reserve on Wednesday raised its benchmark interest...