Financial Shares Decline as Fed Officials Predict Rate Hike -- Financials Roundup

Dow Jones06-18 04:47

Shares of financial companies fell in a day marked by the first Fed decision under Chairman Warsh. Rates were held unchanged and Warsh pledged to bring inflation down to target. The FOMC penciled in a rate increase this year.

Robinhood gained 9% amid increases in its stock price target.

CME Group's longtime leader, Terry Duffy, plans to step down as chief executive of the world's most-valuable exchange operator early next year. Duffy, who has been chairman of the Chicago company since 2002 and CEO since 2016, will hand the reins to Lynne Fitzpatrick, currently president and chief financial officer, on March 1.

 

Write to Paulo Trevisani at paulo.trevisani@wsj.com

(END) Dow Jones Newswires

June 17, 2026 16:47 ET (20:47 GMT)

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