Fed Raises Rates, Sticks to Forecast for 2018 Increases
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The Federal Reserve said it would raise short-term interest rates for the third time this year and remained on track to chart a similar path next year, signaling continuity as the central bank enters a leadership reshuffle.
Final GOP Deal Sets 21% Corporate Tax, Cuts for Top Earners
House and Senate Republicans on Wednesday reached an agreement on the final version of a tax bill that would lower the top individual rate to 37% and set a corporate rate of 21%, while eliminating the corporate alternative minimum tax.
U.S. Stocks Mostly Higher After Fed Rate Increase
The Dow Jones Industrial Average posted a fresh record Wednesday, after the Federal Reserve raised short-term interest rates for the third time this year and said it remains on track to chart a similar course next year.
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Yellen's Final Rate Rise Draws Dissent
Janet Yellen's penultimate meeting as Federal Reserve chairwoman saw the central bank chief deliver the fifth rate rise of her tenure to notable formal opposition, as some officials continued to worry weak inflation negates the need for action.
Nearly 5 Million Americans in Default on Student Loans
The number of Americans severely behind on payments on federal student loans reached 4.6 million in the third quarter, a doubling from four years ago, despite a historically long stretch of U.S. job creation and steady economic growth.
From German Faucets to Italian Chocolate, Trade Barriers Are Rising Again in Europe
The rise of economic nationalism is clashing with the open-market ideals of the EU's original founders. Member states, including France and some in the east, are introducing new rules to favor domestic production and labor.
U.S. Economic Expansion Could Become Longest on Record
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.
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.
U.S. Consumer Prices Rose 0.4% in November
A bump in energy prices boosted U.S. consumer prices in November, but that masked a softening in underlying inflation trends.
U.S. Oil Inventories Decline Sharply
Crude-oil stockpiles fell by 5.1 million barrels to 443 million barrels, for the week ended Dec. 8, and are now in the middle of the average range for this time of year, the EIA said. Analysts surveyed had predicted crude supplies would fall by 2.9 million barrels on the week.
(END) Dow Jones Newswires
December 13, 2017 17:15 ET (22:15 GMT)