While you were sleeping: Oil rallies

Mon, 12 Dec 2016

By Margreet Dietz Dec. 13 (BusinessDesk) - Wall Street was mixed, after both the Dow and the S&P 500 touched record highs again, while oil prices rallied amid a fresh agreement to ease output. The Federal Reserve, which is set to start its two-day policy meeting on Tuesday, is widely expected to announce its first rate hike in a year the next day. Investors will scrutinise Fed chair Janet Yellen’s post-meeting press conference as well as the central bank’s latest quarterly economic projections and fed funds rate outlook for clues about t...

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