Powell says that businesses have told Fed officials that the tariffs have led to concerns about supply chains being disrupted and raw materials costing more. President Donald Trump expressed concern last month with the Fed’s rate hikes, which could slow the economy and raise unemployment. ——2:30 p.m.Stocks added slightly to their gains in afternoon trading after the Federal Reserve nudged its benchmark short-term interest rate higher. ——2:00 p.m.Federal Reserve officials voted Wednesday to raise a key, short term interest rate for the third time this year. ——10:45 a.m.Financial markets held steady Wednesday as investors waited for the Federal Reserve’s latest decision on interest rate policy.

Source: National Post September 26, 2018 18:07 UTC