Reuters Daily Investor Update: September 20, 2017

Click to View in Browser Wednesday, September 20, 2017 Fed keeps rates steady, to start portfolio drawdown in October WASHINGTON (Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite a recent bout of weak inflation. Fed takes balanced approach to trimming U.S. bond holdings NEW YORK (Reuters) - The U.S. Federal Reserve will reduce its bond holdings evenly across the maturities of Treasury bonds and, on mortgage bonds, it will continue to focus reinvestments on 15- and 30-year securities. Wall Street closes higher after Fed policy statement (Reuters) - The S&P 500 ended slightly higher on Wednesday after the Federal Reserve signaled that it expects another rate hike by year end and said it would begin reducing its balance sheet. Pfizer files suit against J&J over Remicade contracts (Reuters) - Drugmaker Pfizer Inc on Wednesday filed a lawsuit against Johnson & Johnson , saying its rival's contracts with health insurers for blockbuster rheumatoid arthritis drug, Remicade, were anticompetitive and blocked sales of Pfizer's new biosimilar. FOMC statement from Sept 19-20 meeting Following is the full text of the statement released by the Federal Reserve's Federal Open Market Committee on Wednesday following a two-day meeting: Instant View: Fed keeps rates steady, approves portfolio cuts in October (Reuters) - The U.S. Federal Reserve left interest rates unchanged on Wednesday but signaled it still expects one more increase by the end of the year despite recent weak inflation readings. Apple concedes new watch has connectivity glitch (Reuters) - Apple Inc's on Wednesday conceded its latest smartwatch unveiled a week ago has problems with its most important feature: the ability make phone calls and access data without an iPhone nearby. Treasury yields jump, global stocks dip after Fed statement NEW YORK (Reuters) - U.S. Treasury yields rose, the dollar gained while U.S. stocks fell on Wednesday after the U.S. Federal Reserve signaled it expects one more interest rake hike by the end of the year. BlackRock CEO Fink says he is committed to gender diversity NEW YORK (Reuters) - BlackRock Inc Chief Executive Larry Fink on Wednesday said the largest asset manager must mirror its customers in terms of gender, comments that come as the company has become more vocal about shareholder and activist efforts to boost workplace diversity. Holiday sales forecasts indicate strong growth for retailers (Reuters) - Early holiday sales forecasts are indicating a largely stronger season for retailers than last year, helped by higher online sales and increasing spending power due to a strong labor market. Related Video Apple Watch fails to wow reviewers, stock drops Japan's Abe vows "daring" policies Related News U.S. expects Madoff $4 billion fund payout to start this year Ackman asks ADP's retail investors to back him in new video Get a jump on the day with our early morning summary of key news developments for the US markets, as well as global market news. Register Today The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today » » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2017 Thomson Reuters Ensure delivery of Reuters Newsmails, add newsletters@email.reuters.com to your address book. Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook