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Annette Petriccione

WASHINGTON, DC - APRIL 18: Federal Reserve Bank Chair Janet Yellen participates in a meeting of the Financial Stability Oversight Council at the Treasury Department, April 13, 2016 in Washington, DC. The JSOC approved a resolution calling for clear guidelines on the ability of mutual funds to hold illiquid assets. (Photo by Chip Somodevilla/Getty Images)
Federal Reserve Bank Chair Janet Yellen on April 13, 2016 in Washington, DC. (Photo by Chip Somodevilla/Getty Images)
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As Fed meets, no rate hike is expected until late this year

Anyone trying to peg the likelihood of a Federal Reserve interest rate hike this year has been subject to a topsy-turvy shift of expert opinion the past few months. And when the Fed holds its latest policy meeting this week, few think it will provide much more clarity.

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FILE - This Thursday, Dec. 18, 2014, file photo shows the Merck logo on a stained glass panel at a Merck company building in Kenilworth, N.J. Drugmaker Merck reports financial results Thursday, May 5, 2016. (AP Photo/Mel Evans, File)
FILE - This Thursday, Dec. 18, 2014, file photo shows the Merck logo at a Merck company building in Kenilworth, N.J. Drugmaker Merck reports financial results Thursday, May 5, 2016. (AP Photo/Mel Evans, File)
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At least 300 layoffs announced at Merck

The layoffs impact employees at the company's facilities in Kenilworth, Rahway and North Wales, Pennsylvania.

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Germany's Foreign Minister Frank-Walter Steinmeier, right, and Riad Hijab, head of the Higher Negotiations Committee, the Syrian opposition coalition negotiating in Geneva, chat during a joint stroll prior to a meeting of the Foreign Ministers of Germany and France with the Staffan de Mistura, U.N. special envoy for Syria, and Riad Hijab, head of the Higher Negotiations Committee, the Syrian opposition coalition negotiating in Geneva at the guest house of the German Foreign Ministry in Berlin, Germany, Wednesday, May 4, 2016. (AP Photo/Ferdinand Ostrop)
Officials in Geneva at the guest house of the German Foreign Ministry in Berlin, Germany, Wednesday, May 4, 2016. (AP Photo/Ferdinand Ostrop)
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US announces extension of Syria truce to Aleppo

The United States and Russia have persuaded Syria's government and moderate rebels to extend the country's fragile truce to the northern city of Aleppo, although sporadic clashes continue, U.S. officials said Wednesday.

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