News / 

Global stocks mostly lower...Fed expected to take new line on interest rates...Trade, inflation data

By The Associated Press | Posted - Dec. 17, 2014 at 4:31 a.m.



This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

BEIJING (AP) — Global stocks are mostly lower today as oil prices tumble again and investors wait for a U.S. Federal Reserve statement on monetary policy. Key indexes in Europe are down as much as 1 percent, while Asia had a mixed day. China's Shanghai Composite gained 1.3 percent, while Japan's Nikkei added 0.4 percent. Hong Kong's Hang Seng was off 0.4 percent. Benchmark U.S. crude is down about $1, trading below $55 a barrel. Futures suggest Wall Street could see a modest rebound after yesterday's losses.

WASHINGTON (AP) — Federal Reserve policymakers wrap up another two-day meeting with a statement on interest rates this afternoon. Analysts are expecting they will drop language promising to keep interest rates low for a "considerable time," but no immediate change is expected. The Fed has said monetary policy will return to normal sometime next year following its history-making stimulus in the aftermath of the 2008 global crisis. Most economists expect it will wait at least until June to raise short-term rates.

WASHINGTON (AP) — The government will have fresh data on trade and inflation today. The Labor Department releases Consumer Price Index for November at 8:30 a.m. Eastern Time, while the Commerce Department announces the current account trade deficit for the third quarter.

WASHINGTON (AP) — President Barack Obama has signed a $1.1 trillion spending bill that keeps most of the government operating over the next nine months. The Department of Homeland Security will only receive its money through Feb. 27. That limit was demanded by Republican leaders to appease critics of Obama's immigration measures. Homeland Security oversees the nation's immigration enforcement.

LOS ANGELES (AP) — Sony Pictures Entertainment reportedly is telling theater owners that they can cancel their plans to show "The Interview," the comedy about an assassination attempt against North Korean leader Kim Jong Un. It's set to debut in theaters on Christmas Day. Hackers are telling audiences to stay away from venues showing the movie, invoking the memory of September 11, 2001. But the Department of Homeland Security has said that there is no credible intelligence to indicate a threat.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

The Associated Press

    SIGN UP FOR THE KSL.COM NEWSLETTER

    Catch up on the top news and features from KSL.com, sent weekly.
    By subscribing, you acknowledge and agree to KSL.com's Terms of Use and Privacy Policy.

    KSL Weather Forecast