U.S. Fed raises interest rates, signals two more rate hikes in 2018

U.S. Federal Reserve Chair Jerome Powell speaks during a news conference in Washington D.C., the United States, on March 21, 2018. The U.S. Federal Reserve on Wednesday raised the benchmark interest rate by 25 basis points and signaled two more rate hikes in 2018, citing "strengthened" economic outlook in recent months. (Xinhua/Yang Chenglin)