Business Today: U.S. consumer inflation posts largest decline in six years

		Click to View in Browser 12/17/2014 U.S. consumer inflation posts largest decline in six years 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. Stock futures rise ahead of Fed decision 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. U.S. current account deficit widens in third quarter WASHINGTON, Dec 17 (Reuters) - The U.S. current account deficit unexpectedly rose in the third quarter as an increase in Fed likely to signal rate hike on track despite global woes 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. FedEx second-quarter profit rises, but misses expectations 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. Russian ruble firms as exporters seen, but remains volatile MOSCOW (Reuters) - Russia's ruble strengthened on Wednesday after dramatic falls against the dollar in the previous two days but remained extremely volatile and fears of a prolonged crisis remained. General Mills profit falls 37 percent on weak U.S. demand (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. U.S. mortgage applications fall in latest week: MBA NEW YORK, Reuters - Applications for U.S. home mortgages fell last week and interest rates declined to their lowest level since May 2013, an industry group said on Wednesday. Buy American? Not so for retail stock fund investors NEW YORK (Reuters) - A record run in U.S. stocks does not appear to have won over one large investor pool: Mom-and-pop retail investors. Oil falls below $59 as OPEC, Russia keep pumping 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. Related Video The supermarket where everything is 70% off Russia worries rock emerging markets Economic News U.S. consumer inflation posts largest decline in six years U.S. current account deficit widens in third quarter A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today   The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day. Register Today   » MORE NEWSLETTERS - 3 Times Square New York, NY 10036 USA © Copyright 2010 Thomson Reuters Ensure delivery of Reuters Newsmails, add mail@nl.reuters.com to your address book. Details Subscribe to other Reuters newsletters. Unsubscribe from this newsletter. Follow us on Twitter Friend us on Facebook Forward to a friend