Newspaper article Charleston Gazette Mail

Markets

Newspaper article Charleston Gazette Mail

Markets

Article excerpt

Today

Focus on the Fed The Federal Reserve releases today the minutes of a recent two-day meeting of its policymakers. After the meeting earlier this month, central bank officials suggested that the Fed might resume raising its key short-term interest rate at its next meeting in mid-December. The central bank has kept the rate at a record low near zero since the onset of the financial crisis seven years ago. The Fed last raised interest rates in December, 2015.

Downbeat results? Wall Street expects quarterly earnings for Moline, Illinois Deere & Co. declined from a year earlier. The farming and construction equipment maker has struggled to boost earnings amid a weak global farm economy and a downturn in construction. A record corn harvest has depressed prices, marking three straight years that most corn farmers lost money on virtually every cob. Deere is due to report fiscal fourth-quarter results today.

Eye on housing Demand for new U.S. homes is up sharply this year, a trend thats helped fuel new residential construction. New-home sales hit a seasonally adjusted annual rate of 593,000 units in September. Thats an increase of nearly 30 percent from a year earlier. Even so, economists expect the pace of new-home sales slowed slightly last month. The Commerce Department reports its latest data on new-home sales today.

Turbulence at small airlines Nearly half of all airline flights in the U.S. are flown by so-called regional carriers using planes that typically seat 50 to 100 passengers. Your ticket and the logo on the plane might say American, Delta or United, but theres a good chance the pilots and flight attendants work for a regional airline like SkyWest or Mesa. Regional airlines are now shrinking as a share of the industrys passenger-carrying capacity. Figures from their trade group, the Regional Airline Association, show that traffic on the big airlines is rising but travel on regional carriers is flat to down slightly. …

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