Wall Street falls as Fed signals two more hikes this year
"The expectation now is for four rate increases in total in 2018. Fresh projections from policymakers suggested that inflation would run above the Fed's 2 percent target, hitting 2.1 percent this year and remaining there through 2020. The Dow Jones Industrial Average fell 119.53 points, or 0.47 percent, to 25,201.2, the S&P 500 lost 11.22 points, or 0.40 percent, to 2,775.63 and the Nasdaq Composite dropped 8.10 points, or 0.11 percent, to 7,695.70.
Supreme Court Nixes J.B. Hunt Appeal on Driver Break Lawsuit
By declining to hear a review of J.B. Hunt's appeal to overturn a lower court ruling, the U.S. Supreme Court has allowed a class action lawsuit filed by truck drivers against the motor carrier over meal and rest break rules to go forward. The lawsuit is headed to court in September—11 years after it was initiated. ...Read the rest of this storyWall Street falls as Fed signals two more hikes this year
"The expectation now is for four rate increases in total in 2018. Fresh projections from policymakers suggested that inflation would run above the Fed's 2 percent target, hitting 2.1 percent this year and remaining there through 2020. The Dow Jones Industrial Average fell 119.53 points, or 0.47 percent, to 25,201.2, the S&P 500 lost 11.22 points, or 0.40 percent, to 2,775.63 and the Nasdaq Composite dropped 8.10 points, or 0.11 percent, to 7,695.70.
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TEC Equipment has broken ground on a new full-service heavy-duty truck dealership in Dixon, Calif., scheduled to open in Fall 2019. ...Read the rest of this storyWall Street falls as Fed signals two more hikes this year
Stocks were volatile after the statement but ended near the lows of the session, and selling was broad-based, with most S&P sector indexes ending lower. "The expectation now is for four rate increases in total in 2018. Fresh projections from policymakers suggested that inflation would run above the Fed's 2 percent target, hitting 2.1 percent this year and remaining there through 2020.
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