Fed Raises Rates, Sets Out Plan to Shrink Asset Holdings Beginning This Year
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The Federal Reserve said it would raise short-term interest rates and spelled out in greater detail its plans to start slowly shrinking its $4.5 trillion portfolio of bonds and other assets this year.
S&P 500 Slips After Fed Raises Rates
The Fed's move was widely expected by analysts and investors, but many are skeptical that the U.S. central bank will act aggressively going forward after a recent patch of soft U.S. economic data.
U.S. Consumer Price Slumber Clouds Rate Picture
U.S. consumer prices are rising at the slowest pace in half a year, a complication for the Federal Reserve as it balances soft inflation readings against signs the labor market is at or near full employment.
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U.S. Retail Sales Fell 0.3% in May
Americans broadly reduced spending at retailers in May, dealing the latest setback to an economy struggling to shift into faster growth.
OPEC Stumbles in Face of Oil Glut
Production cuts aren't drawing oil out of storage and U.S. shale producers are humming, fueling the idea that OPEC and its allies missed the mark.
Oil Slides to Seven-Month Low on High Inventories
Oil prices tumbled to the lowest level in seven months Wednesday, as high oil inventories continued to erode confidence in the ability of major producers to ease a global supply glut.
Fed Considers Easing Capital Rule Seen as Hampering Swaps Market
An esoteric requirement that bankers and some U.S. officials have long said discourages firms from participating in the derivatives market-and makes the financial system less safe-is on the regulatory chopping block.
Britain, Not France, Risks Being 'Sick Man' of Europe
Following the very different outcomes of this month's elections in France and the U.K., the tables have been turned, Simon Nixon writes, with Britain facing increased economic uncertainty and France poised for higher growth.
Investors Love European Stocks-Now They Love the Euro Too
Once, investors who wanted to bet on Europe's stocks and bonds often did so while hedging against sharp changes in the euro-a sign they weren't confident about the currency. But that appears to have changed this year.
Mexico's Peso Rallies as Risks Recede
Mexico's peso traded Wednesday at its strongest level of the year, gaining for an eighth consecutive day as both domestic and external risks to the currency continue to decline.
(END) Dow Jones Newswires
June 14, 2017 17:15 ET (21:15 GMT)