USA pre-open: Stocks seen flat to lower ahead of FOMC minutes
00:05, Jul 6, 2017
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US stocks and bonds were little changed Wednesday following the release of minutes from the Federal Reserve's June meeting that showed officials readying plans to start gradually shrinking the Fed's balance sheet in coming months.
Some Fed officials want to announce the beginning of the process "within a couple of months", according to minutes of the USA central bank's June meeting. A few committee members who supported the June increase "indicated that they were less comfortable" with the forecasts for additional hikes through the end of next year because of concerns that inflation would remain below the Fed's 2% annual target, the minutes said.
Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, cited his concern about weak inflation as a reason that he voted against a rate increase at the June meeting. Inflation, in particular, has proved hard to nudge closer to the Fed's 2 percent target, while in the first three months of the year the economy grew at a rate of only 1.4 percent.
The minutes recorded policymakers' deliberations at last month's meeting, when the central bank raised interest rates by a quarter of a point to a range of one-to-1.25%.
Members of the Federal Open Market Committee - the Fed's rate-setting panel - "generally reiterated" their support for continuing to gradually raise rates, according to the minutes.
After that meeting, the Fed announced it planned to start reducing the balance sheet sometime this year but provided no timetable.
Fed officials lowered their long-term projections for both inflation and the unemployment rate, while their projected path for interest rate increases remained mostly unchanged. Meanwhile, U.S. officials will soon confront the challenge of raising the debt ceiling to continue to fund the government.
Timberwolves trade Ricky Rubio to Jazz
He has two years left on his current contract at $14.1 million this coming season, and $14.8 million in the 2018-19 season. The deal was reported by the Associated Press just minutes after free agency's official 11 p.m. central start time.
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Two others who also lost their life in the mishap are Jahangir Ahmad Khanday, also a guide, and Farooq Ahmad Chopan . The Chief Minister expressed her grief and shock over the tragic accident and ordered a thorough investigation.
Cramer said he still expects to see a rate hike in September.
The Fed's next meeting is July 25-26.
She said the Fed eager to keep increasing interest rates at a gradual pace to avoid a situation in which it would need to raise rates more quickly to offset inflation, which could destabilize the economy.
Financial conditions were also debated at the meeting, with some participants arguing that "increased risk tolerance" among investors could be lifting asset prices.
Some Fed officials are anxious that investors are not responding to the recent rate increases.
In a press conference following the conclusion of the June meeting, Yellen attributed lower inflation in part to temporary factors, like one-off decreases in the prices for cell phone services and prescription drugs.
Some members were also concerned that there could be a build-up of risks to financial stability.
Now, she is still getting the title shot, but against a fighter who is not used to the size Cyborg will be in the Octagon. I think I'm a ideal matchup; I drag people where they don't want to go and I make a fight hard for them.
I am thankful for Cristiano Ronaldo , and he deserves all my respect". "And I'm sure it's going to be hard for Portugal as well". He's young as well and I think he's got a really bright future ahead of him", said Mustafi.
Throughout the entire ordeal, the Lockharts have expressed gratitude for words of support and prayer from fans. A CT scan showed a tear inside his nose from the impact, and doctor's diagnosed it as a lacerated artery.
Nitish Kumar said the ruling alliance in Bihar remains strong and that he is committed to take the state forward. Nitish has been citing good track-record and cordial nature of Kovind as the reason behind supporting him.
Nevertheless, the current take is that VR support will be available on Xbox One X , and will be a part of Xbox's future. Xbox One X has been unveiled at the Electronic Entertainment Expo 2017, shedding its previous name as Project Scorpio .
The fish is thought to have moved close to the shore after becoming disorientated before vanishing after swimming back out to sea. Wildlife experts have been forced to put down a blue shark after it sparked panic on a beach on the Spanish island of Majorca .
Crazy Mika , along with Psycho Joe, came...to Mar-a-Lago 3 nights in a row around New Year's Eve, and insisted on joining me. Mr Trump tweeted during Friday morning's broadcast, "Watched low rated @Morning_Joe for first time in long time ".
The Blues are expected to announce some new signings after their new kit deal with Nike officially begins on Saturday, 1 July. Chelsea's Nathan Ake is set to return to fellow Premier League side AFC Bournemouth for an estimated £20 million.
The policy was based on a provision of the Missouri constitution that prohibits public money from going to religious institutions. Some religious groups cheered the decision, which was closely watched for the effect it may have on school voucher programs.
According to a report in TOI , Prasad, who has played 33 Tests and 161 ODIs for India is the latest applicant for the top job. Sanjay Manjrekar tweeted on Thursday that Virat Kohli should be kept in the loop while appointing new coach.
The Baltimore Sun reports that the operators set up a shop Saturday at two different locations in Howard County. More than 35,000 amateur radio operators across the country participated in last year's event.
China won't bail out Trump on North Korea
Xi said he hoped the USA president will "properly handle" Taiwan issues in accordance with the "One China" principle. Trump said the relationship has broad prospects, with both countries having a wide spectrum of common interests.
Lendl declares Murray will defend his title
Last year, Andy and Jamie became the first brothers to top the world rankings in singles and doubles at the same time . The Czech, 27, suffered lacerations to her playing hand and it was feared she might never play again.
Hong Kong in Photos: 1997 to 2017
Police calculate the number as being significantly lower, at a paltry 14,500. "The Chinese government will put more regulations". Liu's face featured on countless signs held aloft by marchers who called on China to release him to seek treatment overseas .
Zverev To Face Federer At Halle Open
Zverev, who beat Federer in the Halle semifinals last year, fell to 3-1 in finals this year. Zverev, a young rising star in men's singles, had a strong week at the tournament.
US imposes new duties on Canadian lumber
Lumber Coalition, an industry lobby group, said it applauded Washington's move to counter Canada's "unfair trading practices". Results of a final investigation is expected in September to determine if the tariffs are permanent, the release noted.
Facebook now has 2 Billion monthly users
Facebook's plan to connect people with like-minded fellows sounds like "a fine idea", she said. Facebook also has streaming deals with Major League Baseball and Major League Soccer.
Bruno Mars, nominated for 5 honors, to open BET Awards
Other strong competition Sunday include best female hip hop artist , where rivals Nicki Minaj and Remy Ma will go head-to-head. The group is set to be honored with a Lifetime Achievement Award and BET is sure to have something in store to delight fans.
Top 4 teams qualify for HWC 2018 in India
India did manage to create a few opening even as Malaysia fell back to defend the lead, but the strikers sprayed the shots wide. Though India were tipped as favourites to win, a stubborn Malaysian outfit kept India in the hunt the right from the beginning.