Fed Rate Hike: US Stocks Go Up, Stocks Come Down

Fed Rate Hike: US Stocks Go Up, Stocks Come Down”

This has raised questions about the bank's future course. So far, Trump has sent conflicting signals about whether he plans to nominate her for a second term. There was only one rate increase in both 2015 and 2016.

The majority of Fed officials estimated in March that they would raise rates two more times this year.

The Fed's preferred measure of underlying inflation has retreated to 1.5 percent, from 1.8 percent earlier this year, and has run below the central bank's 2 percent target for more than five years. Facebook rose 1.5 percent to $150.68 while Microsoft gained 1.2 percent to $70.65.

Yellen, the first woman to lead the Fed, is serving a term that will end in February.

There isn't much suspense about what the Fed will announce when its latest policy meeting ends Wednesday: That it's raising its key short-term interest rate for the third time in six months. The Fed said Wednesday that it would eventually allow a small amount of bonds to mature without being replaced - an amount that would gradually rise as markets adjusted to the process. He billed his plan as a way to accelerate economic growth from the sluggish 2.1 percent annual rate of the past eight years. Investors want to know, for example, how fast the pace of rate increases may be in coming months or whether Washington's political paralysis has concerned the Fed. Unemployment dipped to 4.3 percent in May, a 16-year low.

The Fed would start with monthly reductions in Treasury holdings of no more than $6 billion and $4 billion in mortgage bonds. Inflation was expected to be at 1.7 percent by the end of this year, down from the 1.9 percent previously forecast.

Economic-growth projections were little changed, with the median forecast for 2017 moving to 2.2% from 2.1%. US data showed an unexpectedly large weekly build in USA gasoline inventories and International Energy Agency (IEA) data projected a big increase in non-OPEC output in 2018.

Germany's DAX index is up 0.4 percent and Britain's FTSE 100 0.1 percent.

This assessment will take into account a wide range of information, including measures of labour market conditions, indicators of inflation pressures and inflation expectations, and readings on financial and worldwide developments. In Asia, Japan's Nikkei 225 ended the day marginally lower.

USA gold futures for August delivery were almost flat at US$1,268.90 an ounce.

The Federal Reserve will be completing its two-day meeting today during which it is expected to announce a 25 bps interest rate rise for its benchmark rate to reach a target range of 1 to 1.25%.

The dollar has been trading lower today following weak U.S. economic data, with the Bloomberg Dollar index dropping to lows last seen in October 2016, but has started rising on the news.

Like this



15 June 2017
WBS Penguins alumni again play big role in Cup title
Malkin led the playoffs with 28 points, while Crosby , who won his second straight Conn Smythe Trophy, was second with 27 points. The Chicago Blackhawks have won three championships in the salary cap era, none of them two in a row like the Penguins.

15 June 2017
Cristiano Ronaldo in numbers
And Croatia worldwide Modric, who set up Ronaldo's second goal, was quick to pay tribute to Madrid coach Zinedine Zidane . Shaka Hislop hails Real Madrid's complete team performance and Cristiano Ronaldo's brilliance after another UCL triumph.

15 June 2017
Amazing!: Bette Midler's Tony Awards Speech Was Literally Everything
Some of his most successful bits, judging by audience reaction, were his much-lauded impressions. Stephen Colbert was on hand to present the trophy for revival of a musical .

15 June 2017
MI congressmen at baseball field during shooting
Democrats were practicing a few miles away for the annual charity congressional baseball game, which was scheduled for tomorrow. Mike Bishop (8th District), Jack Bergman (1st District), and John Moolenar (4th District) were all in attendance.

15 June 2017
Warriors Win 2017 NBA Championship
Durant said afterward. "And Draymond (Green ) was like, 'Keep playing to the end.' Andre (Iguodala ) is like, 'Keep playing". Smith spent the past year taking shots at Kevin Durant for his somewhat controversial move from the Thunder to the Warriors.

15 June 2017
Gap on climate change unveiled at G7 ministerial meeting in Italy
But several world leaders said the deal is not open for renegotiation. Trump said he wanted to negotiate a better deal for the U.S. Trump said the accord would hurt American workers.

15 June 2017
Diego Costa Talks Potential New Destinations; Praises Atletico Madrid, Rules Out China
Costa scored 20 goals in Chelsea's title-winning campaign, leading the line in all but three of the club's league fixtures. Last summer, Costa was linked with a move away from Chelsea , and the prevailing narrative was a return to Atletico Madrid.

15 June 2017
Factors to Note Before Buying Kinross Gold Corporation (KGC)
Finally, Contrarius Investment Management Ltd raised its stake in shares of Kinross Gold by 63.8% in the first quarter. Investec Asset Management LTD increased its stake in shares of Kinross Gold Corporation by 3.4% in the fourth quarter.

15 June 2017
Grenfell Tower fire: Key questions about the tragic incident
Residents rushed to escape through smoke-filled corridors in the housing block after being woken up by the smell of burning. Residents have told of how they didn't hear alarms as the fire swept through the 24-storey tower block in West London .

15 June 2017
Milan waiting on Costa
And he again hinted that his relationship with Conte was a strained one as he added: "In life there are good and bad people. Costa said last month that he would only contemplate a move back to Atletico Madrid , from whom he joined Chelsea in 2014.