Stocks Fall on Fed's Hawkish Tone
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- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
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Fed Expected to Overhaul Language and End Numerical Thresholds - Deutsche Bank (SPY)
March 17, 2014 3:05 PM UTCOn 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
