Utilities Fall as Fed Raises Rates -- Utilities Roundup

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06/14/2018 | 02:41 am


Utilities shares fell as stocks that investors consider bond-like took a hit alongside Treasury prices after the Federal Reserve raised interest rates for the second time this year and penciled in two more increases this year. Yields rose after Fed officials raised their estimates for the pace of growth and inflation this year while also lowering their estimate for the unemployment rate.([email protected])





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