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.
Dow Industrials Hit New High 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: No Big Differences Between Her, Powell on Bank Rules
Federal Reserve Chairwoman Janet Yellen doesn't expect the Fed will dramatically depart from its current course on bank rules after she leaves early next year.
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.
Fed's Brainard: Many Discouraged Workers Have Come Off Sidelines
Federal Reserve governor Lael Brainard said today's strong job market has drawn many discouraged workers back into the labor force.
Bitcoin: Electrifying Investment, Lousy Currency
It's too soon to know whether bitcoin is a bubble ready to burst, but not too soon to conclude that it has failed in its mission to be a viable alternative to sovereign currencies like the dollar, Greg Ip writes.
(END) Dow Jones Newswires
December 13, 2017 19:15 ET (00:15 GMT)