* The Federal Reserve raised its benchmark federal funds rate to a target range of 1.25% to 1.50%. The central bank expects three rate hikes in 2018 as Fed officials project inflation to gradually increase in the medium term.
* Regions Financial appointed John Turner Jr. president of the company and its unit, Regions Bank.
* Interactive Brokers Group began receiving orders for short sales of Cboe Futures Exchange bitcoin futures.
* The New York State Department of Financial Services finalized a rule prohibiting insurers from basing auto insurance rates on a person's occupational or educational attainment.
* Should the delayed merger deal with China Oceanwide Holdings fail to close, Genworth Financial would consider the sale of its mortgage insurance business and the paydown of its debt.
The Daily Dose: Express Edition is updated as of 6:30 a.m. ET. Some external links may require a subscription.
