| | | Fed raises rates, unveils balance sheet cuts in sign of confidence | | | WASHINGTON (Reuters) - The Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signaling its confidence in a growing U.S. economy and strengthening job market. |
| |
| | | Confident Fed presses on with gradual bond-trimming plan | | | NEW YORK (Reuters) - The Federal Reserve pressed ahead with plans to shrink its $4.5-trillion portfolio on Wednesday, mapping out a very gradual approach to shedding bonds that allows it to begin the tricky process as soon as September. |
| |
| | | Tech drags Wall St. lower; financials buoy Dow | | | NEW YORK (Reuters) - A slide in technology stocks pulled down the Nasdaq Composite on Wednesday and the S&P 500 ended slightly lower as investors worried about the pace of economic growth after weaker-than-expected inflation numbers and an interest rate hike from the Federal Reserve. |
| |
| | | U.S. consumer prices, retail sales weaken in May | | | WASHINGTON (Reuters) - U.S. consumer prices unexpectedly fell in May and retail sales recorded their biggest drop in 16 months, suggesting a softening in domestic demand that could limit the Federal Reserve's ability to continue raising interest rates this year. |
| |
| | | Traders now see next Fed rate hike as soon as March 2018 | | | (Reuters) - U.S. short-term interest rate futures pared earlier gains as Federal Reserve Chair Janet Yellen, following the Fed's decision to raise rates a second time this year on Wednesday, downplayed recent weakness in inflation and said she believes conditions for it to rise to the Fed's 2-percent target are in place. |
| |
| | | Avon CEO expected to step down: WSJ | | | (Reuters) - Avon Products Inc Chief Executive Sheri McCoy is expected to step down, the Wall Street Journal reported on Wednesday, citing people familiar with the matter. |
| |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today | |
| | | | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today | |
| | | » » MORE NEWSLETTERS | |
|
