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Cliff Owen / AP

Janet Yellen returns to the news cycle today: Following the conclusion of the the Fed's first meeting of 2017. Though recent signs of inflation have offered headline writers a change of pace, markets expect Yellen to not overreact to these data, and keep rates as is.

Fed funds futures markets are placing a 96% chance on the Fed keeping rates as is today, and a majority see only 2 rate hikes this year. We live in a low-growth, low-inflation world. Central bankers will respond accordingly.

Exxon writes down more than $2 billion in oil assets: America's largest oil company told investors Tuesday that it's proved oil reserves were worth more than $2 billion less than previously thought. While representing 0.6% of the firm's overall assets, the reduction reduces Exxon's proved oil reserves by 8%. That's a testament not only to the persistence of low oil prices, but also the declining cost of renewable energies in recent years.

Caterpillar moving to Chicago: The Global construction-equipment manufacturer is moving its headquarters from Peoria, Illinois to the Chicago area. The news illustrates the corporate need locate themselves—and their jobs—in just a handful of populous metro areas because that's where it's easiest to attract talent and provide easy access to global travel hubs.

Go deeper

Behind GameStop's latest stock surge

Illustration: Aïda Amer/Axios

Back in focus: The meme stock trade.

By the numbers: GameStop finished up 19%, after a wild day that saw shares spike as much as 80%.

AT&T spins off U.S. video business via deal with TPG

Photo: AaronP/Bauer-Griffin/GC Images

AT&T is spinning off three of its video services, including its satellite TV brand DirecTV, to create a new standalone video company called New DIRECTV.

Details: The company will be jointly owned by AT&T and private-equity giant TPG. AT&T will retain a 70% stake and TPG will own 30% of the firm.

Updated 2 hours ago - Sports

Ex-USA Gymnastics coach dies by suicide after being charged with human trafficking

John Geddert. Photo: AFP via Getty Images

The body of John Geddert was found on Thursday, just hours after the former USA Gymnastics coach was charged with 24 counts of criminal misconduct, according to Michigan Attorney General Dana Nessel.

What they're saying: “My office has been notified that the body of John Geddert was found late this afternoon after taking his own life. This is a tragic end to a tragic story for everyone involved," Nessel said in a statement.