Financials Up on Tax Bill Implications -- Financials Roundup
December 15 2017 - 5:01PM
Dow Jones News
Banks, lenders and other financial companies rose as traders bet
the sector would benefit from tax cuts. The Federal Reserve
recently upgraded its outlook for economic growth based on the
cuts, and most strategists believe the passage of the Republican
bill, which now looks increasingly likely, will make the Fed more
inclined to raise rates aggressively next year. The tax breaks
could also lead to financial opportunities as corporations and
consumers look to deploy windfalls.
--Rob Curran,
rob.curran@dowjones.com
(END) Dow Jones Newswires
December 15, 2017 16:46 ET (21:46 GMT)
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