FOMC

Anticipating volatility and its implications could make a big difference.

Trump's pick might have to manage a recession, given that the current expansion would become the longest ever in the next four years.

Federal Reserve officials forged ahead with an interest rate increase and additional plans to tighten monetary policy despite growing concerns over weak inflation.

Two more increases are projected for this year, signaling more vigilance as the target approaches.

An increase could help to head off the risks of an overheated economy, according to the latest meeting notes from the Central Bank.

The central bank provided little direction on when it might next raise borrowing costs, as officials grapple with the uncertainty created by a new presidential administration.

The move will potentially lead to marginally higher borrowing costs for consumers and companies while giving savers a boost.

The Fed chairwoman warned of the risks attached to waiting too long before raising rates.

The Fed's latest meeting showed officials favored a gradual approach to raising interest rates, though several anticipated a hike "relatively soon."

Recent economic data has been weaker than expected, but that does not mean it's weak, says the chief economic adviser at Allianz.