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As anticipated (and hinted-at forcefully by its officials), the Fed raised the benchmark interest rate yesterday to a range nearing 1 percent, a move that signals the slow end to the body’s nine-year stimulus effort – NYTimes and WSJ and Bloomberg

Stocks, for once, didn’t mind so much – WSJ

Mpls Fed Chair Neel Kashkari did, though – Bloomberg

On the course, we call him Phil the Thrill—in part for his penchant for taking chances that excite the gallery even when costing him championships (see, e.g., Winged Foot). Vegas gambler and accused insider-trader William Walters is presumably hoping for a much more predicable effort from Lefty on the stand – NYTimes

A deeper dive into that Caterpillar raid suggests that CAT probably has more than just tax troubles for which to answer – Law360

Despite some pretty vocal opposition, the OCC is moving forward with its plan to offer a specialty license to fintech firms that would allow them to enter the federal banking system – WSJ and Law360

Wells Fargo, Deutsche Bank, and RBS will pay $165 million to resolve class action claims that their underwriting of $7.7 billion in NovaStar MBS was deficient – Law360

A look at J. Christopher Giancarlo, the White House’s pick for new CFTC chief – NYTimes

I know you die-hards have been waiting all year for this.  Ladies and gentlemen: the 2017 Minnesota State High School All Hockey Hair Team. Enjoy the flow (and congrats Thunderhawks!)  – GameOn!

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