| | | 'Trump Trade' returns? Small-cap stocks rally on hopes of tax deal | | | NEW YORK (Reuters) - With time running out before Congress turns its attention to the 2018 mid-term elections, small-cap stocks are increasingly acting as a bellwether for the market's expectations that the Trump Administration will reach a deal to significantly cut U.S. corporate tax rates by the end of the year. |
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| | | Treasury's Mnuchin says no tax cut for wealthy | | | WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Thursday that the Trump administration's upcoming tax plan will not be aimed at lowering income taxes for the wealthiest Americans. |
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| Traders raise U.S. rate-hike view as CPI accelerates | | | NEW YORK (Reuters) - U.S. interest rates futures added to earlier losses on Thursday as domestic consumer prices grew 0.4 percent in August, faster than forecast, causing some traders to rebuild bets the Federal Reserve would raise rates at its Dec. 12-13 meeting. |
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| | | Largest U.S. university endowment funds pull back on ETF exposure | | | NEW YORK (Reuters) - The largest U.S. college endowment funds are pulling back their holdings of exchange-traded funds even as they invest more money in passive strategies overall, a move that may help bolster traditional mutual fund managers at a time when ETF providers like BlackRock Inc are seeing the majority of investor inflows. |
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