An official breakdown of the Fed’s interest rate hike and its plans to start reducing its massive portfolio of bonds later in the year – NYTimes and WSJ and Bloomberg

Both of which, by the way, point to good things for the US economy.  Still, as the Upshot explores, the nagging issue of blown inflation targets could come back to haunt Chair Yellen and the Fed, and the body’s inability to meet its 2% inflation goal is troubling – NYTimes [and WSJ]

There’s been a hitch in Saudi Aramco’s IPO plans (mind-boggling $2 trillion possible valuation and all): where to list. The frontrunners, by the way, are the London Stock Exchange and the NYSE – WSJ

J Crew may be struggling to lead the fashion way these days, but Breakingviews suggests that its financial engineering could be a “blueprint for other wobbly retailers contemplating bankruptcy” – NYTimes

Bloomberg on the surge in the world’s cryptocurrencies – Bloomberg

Because why not more trouble for Wells, right? The embattled San Francisco-based bank is now facing claims that even as it was addressing the sham account scandal last year, Wells mortgage personnel were allegedly making “unauthorized changes to home loans held by customers in bankruptcy” – NYTimes

Never one to shy away from controversy, SDNY Judge Jed Rakoff used the sentencing of former Visium Capital management portfolio manager Stefan Lumiere to comment on what Rakoff dubbed “the absurdity of the sentencing guidelines” – Law360

Anbang’s flamboyant chair Wu Xiaohui isn’t just missing in action from the global acquisition scene.  He’s MIA, period – NYTimes and WSJ

Golf’s US Open kicks off today at Erin Hills—about 45 minutes outside of Milwaukee, WI. The USGA has descended upon Cheese Country thanks largely to one man, Bob Lang, whose obsession with turning a patch of cow pasture into a world-class track left him nearly bankrupt and on the outside looking in this weekend – WSJ