Fed minutes say rate hike pace matters more than first move
The Fed signaled a gradual, gradualist path to higher rates, focusing on the pace of hikes rather than the timing of the first increase. Officials note a return to normal levels is possible, with the trajectory after liftoff expected to be shallow and policy staying accommodative for longer. Wall Street reacted with optimism as the Dow rose, interpreting the stance as patient normalization.
MENTIONED IN THIS ARTICLE
US. Central Bank
Wall Street
Fed
Alan Skrainka
Cornerstone Wealth Management
Dow
Skrainka
SigFig analysis shows broad investor use across portfolios
More than half a million investors nationwide with assets totaling about 200 billion dollars manage their investments online using SigFig tracking. The data on this page are based on SigFig analysis.
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USA
America
SigFig
Fairchild Stock Slumps as Turnaround Slows Amid Traffic Drop
The big box retailer posted third quarter earnings showing a modest slowdown in the turnaround as same store traffic and sales fell versus Q2. ON Semiconductor agreed to acquire the company for 2.4 billion dollars, with closing anticipated late in Q2 2016. Anavex Life Sciences plans to file regulatory papers to advance an Alzheimer's treatment after FDA guidance.
MENTIONED IN THIS ARTICLE
Target
Fairchild Semiconductor
ON Semiconductor
Anavex Life Sciences
Biopharmaceutical
Food and Drug Administration
Target stock seen as long road to stronger profits
Analysts caution patience as Target reports 1.9 percent same store sales for the quarter, topping Walmart’s 1.5 percent. Adjusted quarterly profit hits 86 cents per share, up 59 percent year over year, but shares fall 4 percent to 69.78 amid mixed reactions.
MENTIONED IN THIS ARTICLE
Target
Walmart
Wall Street
New online tool helps compute Social Security claim timing
The Consumer Financial Protection Bureau unveils a Planning for Retirement tool enabling users to estimate Social Security benefits from ages 62 to 70 by inputting birthday and income. It shows how delaying claiming affects monthly checks, with options to tailor results by marital status and finances.
MENTIONED IN THIS ARTICLE
Consumer Financial Protection Bureau
Richard Cordray
The
Cordray
Jean Settland
AARP
Setzland
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