Economic Indicators

Business Highlights

___ Fed lifts rates for 4th time this year but sees fewer hikes WASHINGTON (AP) — The Fed's move came despite President Donald Trump's attacks in recent weeks on its rate hikes and on Chairman Jerome Powell personally.

Governors agree to study sending gas to Asia through Mexico

The governors of Arizona, New Mexico and Mexico's Sonora state signed an agreement Wednesday to study a plan to export natural gas to Asia by connecting existing pipelines to move the fuel south to the Gulf of California.

Former bank executives sentenced to prison for fraud

The former chief credit officer of the only financial institution criminally charged in connection with the federal bank bailout program has been sentenced to 4½ years in prison for helping conceal the bank's troubled condition in the wake of the 2008 financial crisis.

How major US stock indexes fared Wednesday

Stocks gave up a big rally and took a dive in afternoon trading Wednesday after the Federal Reserve raised interest rates again and said it plans to keep raising them next year.

100 days to Brexit: EU, UK act to cushion no-deal chaos

The British government is publishing long-awaited plans for a post-Brexit immigration system that will end free movement of European Union citizens to the U.K. Home Secretary Sajid Javid said the proposals to be published Wednesday set out a "skills-based immigration system built around the talent and expertise people can bring, rather than where they come from."