U.S. Economic Expansion Could Become Longest on Record
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Forecasters are increasingly optimistic the U.S. economic expansion could continue beyond the 2020 presidential election, aided by Republican tax legislation that is expected to lift growth.
Federal Reserve Expected to Raise Rates
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.
U.S. Consumer Prices Rose 0.4% in November
U.S. consumer prices rose in November, propelled by a rise in energy prices, while underlying inflation pressures showed signs of moderation.
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Democrat Doug Jones Wins Alabama Senate Seat
Democrat Doug Jones scored an upset win in a deeply Republican state, capturing the U.S. Senate seat in Alabama in a special election that drove a wedge within the Republican party and gave Democrats another burst of momentum ahead of the 2018 midterm races.
OPEC Oil Output Falls to Six-Month Low but U.S. Fills Gap
OPEC production fell to its lowest in six months but rival U.S. production was surging faster than expected, meaning oil markets may not rebalance before the end of 2018, the oil cartel said in its closely watched monthly oil report.
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.
U.S. Stocks Tick Higher Ahead of Fed's Decision
U.S. stocks edged higher Wednesday ahead of a key update from the Federal Reserve on its economic and interest-rate projections.
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.
Oil Advances on Supply Disruption
Oil prices nudged higher Wednesday, with Brent underpinned by a supply disruption in the North Sea, which is expected to trigger further reductions in global oil inventories.
HFR Launches Cryptocurrency Index as Fund Managers Eye Red-Hot Sector
Chicago-based data group HFR is launching an index of hedge funds that invest in cryptocurrencies, in a sign of how managers are increasingly eyeing these assets as a way of boosting flagging returns.
(END) Dow Jones Newswires
December 13, 2017 11:15 ET (16:15 GMT)