Economy Grows Moderately, But Trade Fears Rise, Fed's Beige Book Says
Businesses voiced concern about mounting trade tensions, as recently imposed and proposed tariffs force companies to grapple with rising input costs, according to a Federal Reserve's beige book report.
U.S. Stocks Waver
U.S. stocks stalled Wednesday, with gains in consumer staples and trade-sensitive sectors largely offset by declines in financial and technology firms.
U.S. Proposing New Round of Trade Talks With China
The U.S. is reaching out to China for a new round of trade talks, in an effort to give Beijing another opportunity to address issues before Washington implements additional tariffs on Chinese imports.
Fed Should Raise Rates for the Next Year or Two, Brainard Says
Fed governor Lael Brainard said recent tax cuts and government-spending increases have likely created a need for higher interest rates, saying the central bank should continue gradually raising rates for the next year or two.
'Fintech Charter' Has No Early Takers as Lawsuit Looms
A national banking regulator is offering cutting-edge financial firms a new pathway into the traditional banking system. So far, few of them are biting.
Oil Prices Rise as U.S. Inventories and Output Fall
Oil prices surged, with the global benchmark Brent hitting $80 a barrel for the first time since May, after the U.S. reported a decline in both oil production and stored inventories.
Fed's Bullard Sees Trump Agenda Improving Economic Outlook
St. Louis Fed chief James Bullard said the Trump administration's economic agenda seems to have brought fundamental improvements to the outlook.
Aramco Argues Over Right Price for Sabic
Saudi Arabia's national oil company is complicating a plan to use its wealth to finance the kingdom's economic overhaul, arguing for a discount in its government-engineered acquisition of the state petrochemicals firm.
Median Household Income Rose 1.8% in 2017, Census Figures Show
U.S. household incomes rose again in 2017, according to Census Bureau figures released Wednesday that suggest more Americans are benefiting from the strong economy.
Business Prices Declined in August
A gauge of U.S. business prices in August clocked the first monthly decline in about a year and a half, driven largely by a downturn in trade services prices.