US STOCKS-Wall St set to open higher as Fed signals slow tightening

jueves 18 de junio de 2015 09:05 GYT

* May consumer prices rise most in two years

* Weekly jobless claims fall more than expected

* First-qtr current account deficit widens

* Oracle falls after forecast disappoints

* Futures up: Dow 66 pts, S&P 6 pts, Nasdaq 15 pts (Adds details, comment, updates prices)

By Tanya Agrawal

June 18 (Reuters) - Wall Street was set to rise at the open, a day after the Federal Reserve said the U.S. economy is likely strong enough to withstand an interest rate hike later this year but hinted that the pace of a hike will be slower that expected.

The Fed cut its economic growth forecasts for 2015 because of a weak start to the year. Even if a majority of Fed officials continue to see higher rates by the end of 2015, they expect rates to rise slightly less by the end of 2016 and 2017 than they did in their March forecasts.

In a press conference following the end of the Fed's two-day policy meeting on Wednesday, Fed Chair Janet Yellen said she wanted "more decisive evidence" that labor markets were healing, and that wages would increase beyond their current "subdued pace."   Continuación...