Stocks Fall on Fed's Hawkish Tone
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- S&P 500 ends higher as investors await tech earnings
- NVIDIA’s rising CDS the talk of Wall Street amid circular financing fears
- Market watchers weigh chances of a surprise Fed rate hike tomorrow
- U.S. chip stocks extend losses on AI financing, China competition fears
- Tesla to buy power from Arizona solar project
- Visa (V) To Cut 7% Of Its Workforce, Totaling About 2,600 Jobs - Bloomberg
- BTIG Upgrades Outlook Therapeutics Inc. (OTLK) to Buy
- ASML and U.S. chip stocks sink on report of China’s DUV breakthrough
- HF Sinclair plans to spin off lubricants unit, close Canadian refinery
- Carpenter Technology CEO Brian Malloy passes; Tony Thene returns as CEO
- After-Hours Stock Movers: F, BE, STX, WDC, KLAC, SWKS, NXPI, CSGP, ENPH
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Fed Expected to Overhaul Language and End Numerical Thresholds - Deutsche Bank (SPY)
March 17, 2014 3:05 PM EDTOn Wednesday, the FOMC is expected to announce its rate decision. In the view of Deutsche Bank's Chief U.S. Economist, Joseph LaVorgna, the Fed will look to change its current forward guidance on unemployment and inflation, ending numerical thresholds.
"Based on the Fed's public displeasure with the current language on forward guidance, which is evident in both the FOMC minutes and recent speeches, we expect an overhaul of the language in the post-meeting... More
