Fed Unveils Plan to Pare Holdings, Hints at Another Rate Rise
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The Federal Reserve said it would initiate in October its long-telegraphed plan to shrink the portfolio of bonds acquired after the 2008 crisis and left open the possibility of raising short-term interest rates by December.
Key Takeaways From the September Fed Meeting
Federal Reserve officials didn't raise short-term interest rates Wednesday, but a December increase remains on the table. Meanwhile, the central bank said it would initiate in October its plan to shrink its securities holdings. Here are key takeaways from the Fed's policy meeting.
How the Fed's Unwind Will Ripple Through Banks
The gradual wind down of the Federal Reserve's balance sheet will have far-reaching effects throughout the banking system. For the most part, major banks stand to benefit.
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Parsing the Fed: How the September Statement Changed From July
See exactly how the statement from Fed policy makers changed.
Fed Officials Lower Their Estimate of Long-Run Interest Rates
Federal Reserve officials are continuing to pencil in one more rate rise this year, and now expect the economy to take a little longer to achieve their official inflation goal, according to the central bank's latest official forecasts.
New Zealand Economy Rebounds Ahead of Election
New Zealand's economy rebounded in the second quarter after six months of lackluster progress, an indication that growth may be regaining momentum as the nation prepares to go to the polls Saturday in a tightly fought general election.
Existing-Home Sales Tumble for Third Straight Month
Sales of previously owned homes fell in August to the lowest level in a year, reflecting a shortage of properties on the market and a sharp drop in Houston home purchases because of Hurricane Harvey.
States Back Big Rate Increases Amid Health Law's Uncertainty
Many state regulators are approving sharp rate increases for 2018 Affordable Care Act insurance plans as they are forced to make decisions amid new uncertainty about the health law's future.
Pain in Spain? Investors See Lingering Political Risk in Catalonia
A bid for independence for one of Spain's richest regions is a lingering risk for investors after a long period of political uncertainty in Europe. Whether Spain's finances will be put under pressure is the key question.
Hurricane Maria Slams Into Puerto Rico
Hurricane Maria slammed into Puerto Rico early Wednesday pounding the island with huge waves, massive rain, and lashing winds as the storm buzz-sawed its way through the mountainous island.
(END) Dow Jones Newswires
September 20, 2017 21:15 ET (01:15 GMT)