Daily Business Briefing: June 13th, 2017

The Militant Negro™

Daily business briefing

1. Fed starts two-day meeting expected to end with rate hike
Federal Reserve policy makers start a two-day meeting on Tuesday that is expected to end with revelations on the central bank’s plan to gradually reduce its $4.5 trillion portfolio of Treasuries and mortgage-backed securities it bought to stimulate the economy after the financial crisis. Recent economic data has shown job growth to be steady and inflation to be nearing the Fed’s 2 percent target rate, so economists expect the Fed to announce Wednesday that it is raising its benchmark interest rate by a quarter point. Markets have been steady in the run up to the meeting, with signs of economic strength overshadowing any uneasiness over the possibility of a rate hike.

Source: The New York Times

2. J.P. Morgan Chase pulls ads from Megyn Kelly show featuring Alex Jones
J.P. Morgan Chase is pulling its ads…

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