Morning Scan: Banks in Energy Loan Pickle; Fed Flexible on Rate-Hike...

Receiving Wide Coverage ...

Embrace the Unknown: The Federal Reserve is "patient" no more, but it's not exactly raring for an interest-rate hike. In dropping the word from its statement Wednesday, the Federal Open Market Committee made room for the possibility that it will increase its benchmark rate as soon as June without committing itself to that timeline. "If the strengthening dollar and falling oil prices start to translate into still-lower expectations for future inflation, the...