News Highlights: Top Financial Services News of the Day

Features Dow Jones Newswires

Federal Reserve Expected to Raise Rates

Continue Reading Below

The Federal Reserve is likely to raise short-term interest rates after its policy meeting concludes Wednesday, the fifth such increase since the Fed began raising rates from near zero two years ago.

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

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

In Tax Plan's Fine Print, Banks Find a Problem

As the U.S. Congress attempts to hammer out a final tax plan, Wall Street is fighting to limit the scope of a provision meant to discourage companies from sending money overseas to avoid taxes.

Continue Reading Below

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.

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.

(END) Dow Jones Newswires

December 13, 2017 07:15 ET (12:15 GMT)