While you were sleeping: Dow rises to record

Tue, 13 Jun 2017

By Margreet Dietz June 14 (BusinessDesk) - Wall Street gained, pushing the Dow Jones Industrial Average to a record high, as Federal Reserve policy makers started a two-day meeting after which they are widely expected to announce an increase in interest rates. "The expectation of a rate hike...is widely held, and has been reinforced by the most recent round of Fed communications," Michael Feroli, an economist with JP Morgan, told Reuters. Fed Chair Janet Yellen will hold a press conference after the meeting ends on Wednesday. “The...

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