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Wednesday, September 20, 2017
Fed keeps rates steady, to start portfolio drawdown in October
WASHINGTON (Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a recent bout of weak inflation.
Fed takes balanced approach to trimming U.S. bond holdings
NEW YORK (Reuters) - The U.S. Federal Reserve will reduce its bond holdings evenly across the maturities of Treasury bonds and, on mortgage bonds, it will continue to focus reinvestments on 15- and 30-year securities.
Wall Street closes higher after Fed policy statement
(Reuters) - The S&P 500 ended slightly higher on Wednesday after the Federal Reserve signaled that it expects another rate hike by year end and said it would begin reducing its balance sheet.
Pfizer files suit against J&J over Remicade contracts
(Reuters) - Drugmaker Pfizer Inc on Wednesday filed a lawsuit against Johnson & Johnson , saying its rival's contracts with health insurers for blockbuster rheumatoid arthritis drug, Remicade, were anticompetitive and blocked sales of Pfizer's new biosimilar.
FOMC statement from Sept 19-20 meeting
Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting:
Instant View: Fed keeps rates steady, approves portfolio cuts in October
(Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite recent weak inflation readings.
Apple concedes new watch has connectivity glitch
(Reuters) - Apple Inc's on Wednesday conceded its latest smartwatch unveiled a week ago has problems with its most important feature: the ability make phone calls and access data without an iPhone nearby.
Treasury yields jump, global stocks dip after Fed statement
NEW YORK (Reuters) - U.S. Treasury yields rose, the dollar gained while U.S. stocks fell on Wednesday after the U.S. Federal Reserve signaled it expects one more interest rake hike by the end of the year.
BlackRock CEO Fink says he is committed to gender diversity
NEW YORK (Reuters) - BlackRock Inc Chief Executive Larry Fink on Wednesday said the largest asset manager must mirror its customers in terms of gender, comments that come as the company has become more vocal about shareholder and activist efforts to boost workplace diversity.
Holiday sales forecasts indicate strong growth for retailers
(Reuters) - Early holiday sales forecasts are indicating a largely stronger season for retailers than last year, helped by higher online sales and increasing spending power due to a strong labor market.
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