Banks, lenders and other financial companies fell as traders hedged their bets on the outlook for interest rates. The Fed's muted inflation outlook was interpreted by some analysts as a hint that it could amend ambitious rate-hike plans. The price of bitcoin -- the closely watched cryptocurrency whose emergence sparked a trend toward decentralized finance -- plunged Thursday, and is now off more than 20% since the start of the week at around $2300.
-Rob Curran, firstname.lastname@example.org
(END) Dow Jones Newswires
June 15, 2017 16:20 ET (20:20 GMT)