Fed signals caution on rate path and balance sheet plan
Fed Chair Janet Yellen signaled slower rate hikes possible if inflation stays weak and outlined a gradual trimming of the 4.5 trillion dollar bond holdings later this year. She kept policy unchanged for now, noting prior increases and the likelihood of one more hike, while testifying before Congress on the semiannual Monetary Policy Report.
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Washington
Federal Reserve
Janet Yellen
Fed
Yellen
Wall Street
House Financial Services Committee
House
Senate Finance Committee
Congress
Central Bank
Donald Trump
U.S
Carolyn Maloney
D-N.y
Tech leads Dow to new high in broad market rally
U S stocks rose on Wednesday with technology shares driving gains as the Dow Jones industrial average hit a fresh closing high. The S P 500 gained 17.72 points to 2,443.25, the Nasdaq rose 67.87 to 6,261.17, and the Russell 2000 advanced 11.27 to 1,424.32. The Fed signaled possible slower rate hikes if inflation remains weak.
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Nvidia
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PNG
ParkerHan
Cisco ChesEng
PayPal
CoprelLera
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Petrobras
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Diebold
QEP Res
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RPM
Emersone
RiteAid
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Siriusxm
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Fordm
Froucht
Snapine An
GenElec
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Honvlllnt
SP Engy Spdr Fhe! AG
HuntBnesh
iSh Brazil
SP Tech
iShChina LC
Transccn
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Dodge & Cox Inc
Dodge & Cox
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SEC
AT T and others join day of action on net neutrality
AT T and Comcast Ver izon join a Wednesday day of action opposing FCC net neutrality rules while claiming to back an open internet. The ISPs argue the rules treat internet service as a utility and fear price regulation, while activists push Congress and the FCC to uphold the 2015 protections.
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New York
At&t
Federal Communications Commission
FCC
Comcast
Verizon
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Tim Karr
Free Press
Congress
Bank of Scotland settles $5.5 billion mortgage securities case
Royal Bank of Scotland says it reached a 5.5 billion dollar settlement with the Federal Housing Finance Agency over sales of residential mortgage backed securities to Fannie Mae and Freddie Mac, resolving claims tied to about 32 billion dollars in securitizations.
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London
Royal Bank of Scotland
United States
Federal Housing Finance Agency
Fannie Mae
Freddie Mac
Department of Justice
RBS
Ross McEwan
Fred Goodwin
McEwan
U.S
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Freddie
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HSBC
FHEA
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