WASHINGTON, Dec 17 (Reuters) - U.S. consumer prices recorded their biggest drop in nearly six years in November as gasoline prices tumbled, but this probably will do little to change views the Federal Reserve will start raising interest rates in mid-2015.
NEW YORK (Reuters) - U.S. stock index futures rose on Wednesday, following three days of losses for major Wall Street indexes, ahead of the year's final statement from the U.S. Federal Reserve that may set the stage for interest rate hikes in 2015.
WASHINGTON (Reuters) - A sturdy U.S. recovery is expected to trump global economic worries as the Federal Reserve concludes its last policy meeting of 2014 on Wednesday, with officials likely to signal they are still on track to raise interest rates next year.
CHICAGO (Reuters) - Package delivery company FedEx Corp reported lower-than-expected quarterly profit on Wednesday as U.S. domestic package and international export volumes rose, and reaffirmed its full-year profit outlook.
(Reuters) - General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, reported a 37 percent fall in quarterly profit hurt by weak demand in the United States and slowing growth in Europe and Canada.
LONDON (Reuters) - Brent crude oil fell below $59 a barrel on Wednesday, near 5-1/2-year lows, as major oil producers signaled that they would maintain output despite a supply glut and faltering demand in Russia and Europe.