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Atlanta Fed Raises Second Quarter GDP Growth View to 3.2 Percent

Atlanta Fed Raises Second Quarter GDP Growth View to 3.2 Percent

The U.S. Treasuries lost after the Federal Reserve chose to hike the Fed funds rate by 25 basis points to 1.00-1.25 percent, despite a fall in the country's consumer inflation . US stocks were trading lower on Thursday as investors digested the Fed's decision to raise interest rates and its new plan to shrink its balance sheet.


Federal Reserve ups benchmark interest rate

Federal Reserve ups benchmark interest rate

Fed Chair Janet Yellen said the decision reflected the labor market's improvement and, to a lesser degree, inflation. If inflation doesn't pick up, he said, the Fed will find that raising rates and reducing its balance sheet is "going to be a hard maneuver".



Featured Stock for Investors: AK Steel Holding Corporation (AKS)

KeyCorp also issued estimates for AK Steel Holding Corporation's FY2017 earnings at $0.39 EPS and FY2018 earnings at $0.53 EPS. After a recent check, relative volume for AK Steel Holding Corporation (NYSE:AKS) comes out to be 0.61. The company now has a consensus rating of Hold and a consensus target price of $19.17. While taking a look at financials, we can look at a number of key indicators about AK Steel Holding Corporation (AKS ).



Britain-EU Brexit talks to start Monday as planned

This means Britain is now without an official government. Prime Minister Theresa May in March formally notified the European Union of its intention to leave, starting a two-year timetable for negotiating the exit. "The door of course is still open as long as Brexit negotiations have not been concluded", he said. Talks for a new relationship between London and Brussels will start on June 19.



Fairmount Santrol Holdings Inc. (FMSA) Closed at $4.29

Bank of New York Mellon Corp boosted its position in Fairmount Santrol Holdings by 1,028.8% in the first quarter. Finally, FMR LLC bought a new position in shares of Fairmount Santrol Holdings during the fourth quarter valued at about $14,216,000.


Peapack Gladstone Financial Corp Acquires 5837 Shares of Nucor Corporation (NUE)

Peapack Gladstone Financial Corp Acquires 5837 Shares of Nucor Corporation (NUE)

Nucor now sees earnings of $1.00-$1.05 per share vs. consensus estimates of $1.22, according to Zacks. FMR LLC boosted its stake in Nucor Corporation by 905.2% in the fourth quarter. If you are accessing this piece on another domain, it was illegally copied and reposted in violation of United States and worldwide copyright law. The legal version of this piece can be viewed at ...