(Reuters) - U.S. stock index futures were little changed on Thursday ahead of second-quarter gross domestic product numbers that will give clues regarding the health of the economy even as the Fed left the door open for a possible interest rate hike in September.
By Lucia Mutikani WASHINGTON (Reuters) - U.S. economic growth likely accelerated in the second quarter as a pick-up in consumer spending and housing offset the drag from trade and the energy sector, suggesting a steady momentum that could bring the Federal Reserve closer to hiking interest rates this year.
(Reuters) - Procter & Gamble Co , the world's largest consumer products maker, reported its sixth straight fall in quarterly sales, as the stronger dollar continued to weigh on the value of sales from overseas markets. P&G also said it expected sales to fall in the low-to-mid single digits next year due to the strong dollar. The company said on Tuesday that David Taylor would replace A.G. Lafley as chief executive in November, as it looks to reverse the trend of falling sales.
(Reuters) - Health insurer Cigna Corp, which agreed to be bought by Anthem Inc for $47 billion this month, reported a 2.6 percent rise in quarterly profit as it added more members in its commercial and government businesses.
The U.S. economy and job market continue to strengthen, the Federal Reserve said on Wednesday, leaving the door open for a possible interest rate hike when central bank policymakers next meet in September. "On balance, a range of labor market indicators suggest that underutilization of labor resources has diminished since early this year," the Fed said in a policy statement that kept rates unchanged. The Fed also said it now only needs to see "some" more improvement in the labor market, a qualification that analysts said strongly suggested it believes the recent solid U.S. job gains will continue.