Economists See Three Fed Rate Rises Next Year, Lower Unemployment
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Private economists expect the Federal Reserve to raise interest rates after its meeting Wednesday and then lift them three times in 2018 and twice in 2019, amid a strengthening economy and a falling unemployment rate.
U.S. Stocks Buoyed by Gains in Telecoms and Financials
Shares of banks and other financial firms surged Tuesday, putting the Dow Jones Industrial Average and the S&P 500 on track to notch another set of record closes.
Oil Prices Waver on Pipeline Shutdown
Global oil prices wavered between gains and losses Tuesday as traders weighed the impacts of the shutdown of a key European pipeline.
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A Faster Pace of Fed Rate Increases Could Rattle Markets
Investors have greeted the Federal Reserve's string of interest rate increases with some of the most docile market conditions in years, a sign that they could be in for a shock if the central bank decides to ramp up the pace of rate rises next year.
20% vs. 22%: The Tension Over Two Points in the Corporate Tax Rate
As House and Senate lawmakers continue hashing out differences between their tax-overhaul bills, some are pushing a less-drastic cut in the corporate tax rate to find money for a variety of interests.
The Force Behind Bitcoin's Meteoric Rise: Millions of Asian Investors
Unlike past financial frenzies such as the dot-com bubble of the late 1990s, individual investors have been first to the party, fueling bitcoin's 1,600% rise this year.
Oil Prices Hit High, Before Sliding, Amid Disrupted Supply
A wave of oil-supply disruptions and OPEC's production cuts have lifted crude prices to their highest level in 30 months, and raised the prospects of petroleum producers from Saudi Arabia to Texas shale country.
Blast at Austrian Import Hub Chokes European Natural Gas Supply
An explosion at Austria's largest import hub for natural gas left one dead, a state of emergency in Italy and the highest gas prices in 3 years in the U.K. just as the cold winter months set in.
U.S. Ran $139 Billion Deficit In November
The federal budget deficit widened slightly in November as government spending exceeded tax collections, the Treasury Department said.
As the Fed Deliberates, Amazon Is Making Its Job More Difficult
Web-driven comparison shoppers are keeping a lid on inflation and weakening retailers' pricing power, complicating the Federal Reserve's deliberations on how much and how fast to raise interest rates.
(END) Dow Jones Newswires
December 12, 2017 15:15 ET (20:15 GMT)