US STOCKS-Wall St opens higher after Fed signals slow tightening
* 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
* Indexes up: Dow 0.6 pts, S&P 0.4 pts, Nasdaq 0.6 pts (Updates to open)
By Tanya Agrawal
June 18 (Reuters) - Wall Street was higher at the open, a day after the Federal Reserve said the U.S. economy is likely strong enough to withstand an interest rate increase later this year but indicated that the pace of a hike will be slower than 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...