• Wall Street mixed as financials drag after Fed rate hike

    4 monthes ago - By Reuters

    NEW YORK - The S&P 500 ended slightly lower on Wednesday pressured by the financial sector after the Federal Reserve announced a widely expected interest rate hike but kept its rate outlook for coming years even as it projected faster U.S. economic growth.
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  • FED HIKES, STOCKS HIT RECORD HIGHS: Here's what you need to know

    4 monthes ago - By Business Insider

    US stocks climbed, adding to gains in the afternoon after the Federal Reserve hiked interest rates 25 basis points and boosted its economic growth outlook for 2018.
    The S&P 500 was little changed, while the Dow Jones Industrial Average increased 0.4% and the more tech-heavy Nasdaq 100 climbed 0.2%.
    First up, the scoreboard:
    Dow: 24,596.43, +91.63,
    S&P 500: 2,663.31, -0.25,
    Nasdaq: 6,874.99, +12.79,
    US 10-year yield: 2.40%, +0.018
    WTI crude oil: $56.66, -$0.48, -0.84% 1. Fed raises interest rates as Yellen's term nears its end. As expected, the central bank increased the federal funds...
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  • Citi raises prime lending rate to 4.5% from 4.25%

    4 monthes ago - By CNBC

    The move comes after the Federal Reserve upped its key short-term rate a quarter-point, as expected
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  • YELLEN: Bitcoin is a 'highly speculative asset'

    YELLEN: Bitcoin is a 'highly speculative asset'

    4 monthes ago - By Business Insider

    The Federal reserve lifted its benchmark interest rate 25 basis points to range between 1.25% and 1.50% at the conclusion of Wednesday's meeting and signaled it sees three rate hikes in 2018.
    In the press conference accompanying the decision, Fed Chair Janet Yellen as asked about bitcoin by CNBC's Steve Liesman. Yellen noted that bitcoin is "a highly speculative asset." She added that the cryptocurrency "plays a very small role in the payments system" and that it's not a "stable store of legal tender."
    Bitcoin has been garnering attention on both Wall Street and Main Street in the latter...
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  • Wall Street extends gains slightly after expected Fed rate hike

    4 monthes ago - By Reuters

    NEW YORK - The three major U.S. stock indexes were higher on Wednesday after the Federal Reserve raised U.S. interest rates by a quarter percentage point, as anticipated, but left its rate outlook for the coming years unchanged even as policymakers projected a short-term acceleration in U.S. economic growth.
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  • Fed raises rates a quarter point, hikes growth outlook for economy

    4 monthes ago - By CNBC

    The Federal Reserve had been expected to raise its benchmark interest rate a quarter point to a target range of 1.25 percent to 1.5 percent.
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  • Federal Reserve raises interest rates as U.S. economy powers ahead

    4 monthes ago - By Washington Post


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