News Highlights: Top Global Markets News of the Day

Features Dow Jones Newswires

Fed Raises Rates, Sticks to Forecast for 2018 Increases

Continue Reading Below

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.

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.

Parsing the Fed: How the December Statement Changed from November

See exactly how the statement from Fed policy makers changed.

Continue Reading Below

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.

Australian Job Creation Rises Sharply in November

Australia's economy added 61,600 jobs in November, extending a strong run of employment growth since the start of the year, fanned by upbeat business conditions.

New Zealand Government Trims GDP Forecasts

New Zealand's economy will grow at a slower pace than previously expected next year, according to new forecasts.

Final GOP Deal Sets 21% Corporate Tax, Cuts for Top Earners

The highest-earning Americans will get a lower tax rate and corporations will pay slightly more than in previous plans under a deal House and Senate Republicans reached on the party's competing tax-overhaul bills.

British Lawmakers Give Parliament More Say on Any Brexit Agreement

Prime Minister Theresa May lost a crucial vote in Parliament when rebel lawmakers from her party joined the opposition in approving a measure that gives the legislature greater control over the Brexit terms.

World Trade Organization Makes Scant Progress on Revising Rules

Meeting in Buenos Aires, delegates clashed on everything from dispute resolution to regulating illegal fishing, with some gains made in "exploratory work" on e-commerce issues.

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.

(END) Dow Jones Newswires

December 13, 2017 21:15 ET (02:15 GMT)