Federal Reserve officials at their latest meeting anticipated raising short-term interest rates “fairly soon” in light of an improving economy and the possibility that the Trump administration’s proposed economic policies could push inflation up faster than anticipated.
President Trump hopes to deliver growth above 3% in the coming decade, which would be hard in the best of times. He and some of his fellow Republicans seem intent on making it even harder by putting the brakes on immigration, Greg Ip writes.
A growing number of car buyers say vehicles are getting too smart for their own good, with concerns about technology dragging down the auto industry’s durability scores for the second consecutive year.
Dow Chemical Co. and DuPont Co. are on track to win regulatory approval from the European Union’s competition watchdog after the companies offered to sell businesses to ease antitrust concerns, people familiar with the matter said.