Mon, Jun 24, 2013 10:47 AM EDT 0:52
New York Fed President William Dudley said that financial-system instability can impair the effectiveness of monetary policy, and the U.S. central bank must consider this when formulating its policies. Stock index futures fell after the S&P 500 suffered its worst weekly decline in two months, on concerns stimulus measures by the U.S. Federal Reserve may be drawing to a close and a possible cash crunch in China. Tenet Healthcare says it has agreed to acquire Vanguard Health Systems for roughly $1.8 billion in a deal that will put Tenet into new markets. Tenet will also assume $2.5 billion in Vanguard debt.