News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

Sluggish Inflation Could Slow Fed's Plans for Raising Rates Next Year

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Inflation is the wild card that could change the number of interest-rate increases Federal Reserve officials pencil in for 2018.

Economists See Three Fed Rate Rises Next Year, Lower Unemployment

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.

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.

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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.

New York Regulator's Fintech-Charter Lawsuit Dismissed

A federal judge in Manhattan has dismissed a state regulator's lawsuit challenging the Office of the Comptroller of the Currency's federal-fintech-charter effort, finding that legal challenges to the initiative were premature.

RBA Warns Bitcoin A Speculative Mania

Australia's central bank has warned volatility around bitcoin amounts to "speculative mania," adding it was likely to be a vehicle supporting illegal activity.

Bank Indonesia Is Expected to Stand Pat on Rates

Bank Indonesia will likely keep interest rates unchanged on Thursday.

Pennsylvania AG Cleared to Move Ahead on Think Finance Lawsuit

A bankruptcy judge said he would allow Pennsylvania Attorney General Josh Shapiro to move forward with a 2014 predatory lending case against Think Finance LLC, a former lender.

With California Wildfires, Insurers' Losses Keep Spiraling Higher

Raging wildfires in Southern California could push the amount of insured losses this year from natural disasters to a record.

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.

(END) Dow Jones Newswires

December 13, 2017 00:15 ET (05:15 GMT)