Yellen signals Fed rate hikes likely in 2017
Fed Chair Janet Yellen told a Senate panel that a solid job market and economy may push the Fed to raise rates in the coming months though fiscal policy uncertainty from President Trump could delay moves. She said three hikes are forecast for 2017 but timing remains uncertain with June eyed by many.
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Insurance mergers fall apart amid insurer exits
Aetna abandons its 34 billion bid for Humana and Cigna sues Anthem to halt a 48 billion deal as regulators rejected both mergers. The collapses threaten ACA exchange coverage, reducing options and potentially raising prices for shoppers nationwide. The shifts come as insurers face losses on public exchanges and cut back offerings.
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