BC-APFN-Business News Digest
Here are AP Business News’ latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at newsroom.ap.org.
FEDERAL RESERVE-LOOKAHEAD — The Federal Reserve is set Wednesday to raise interest rates for a third time this year and possibly modify the likely direction of rates in the months ahead. The big question is whether the strong U.S. economy, which has been fueled this year by tax cuts and increased government spending, could slow next year, especially if President Donald Trump’s trade fights begin to inflict damage and the benefits of tax cuts start to fade. By Martin Crutsinger. UPCOMING: 650 words at 3 a.m. Fed rate decision scheduled for 2 p.m. with Powell news conference at 2:30 p.m.
CONGRESS-DATA PRIVACY — The Trump administration is hoping Congress can come up with a new set of national rules governing how companies can use consumers’ data that finds a balance between “privacy and prosperity.” But it will be tricky to reconcile the concerns of privacy advocates who want people to have more control over how their personal data is used and the powerful companies that mine it for profit. Executives of a half-dozen U.S. internet titans are due to appear Wednesday a Senate panel to discuss the issue. By Marcy Gordon. UPCOMING: 650 words at 3 a.m. Hearing scheduled to begin at 10 a.m.
INTEREST RATES-IMPACT BY AGE — Higher interest rates can mean different things to people, depending on where they are in life. For people borrowing money, it means life is getting more expensive. For savers, it means bigger rewards. A look at some of the effect as the Federal Reserve is expected to raise rates for the third time this year. By Stan Choe and Sarah Skidmore Sell. UPCOMING: 750 words by 6 a.m., photos.
FRANCE-FIGHTING AIRBNB — Residents in Paris, long one of the world’s top destinations, are fed up with how Airbnb is hollowing out the city center, driving away locals with high prices, high rents and the inconvenience of dealing with noisy neighbors. Officials are fighting back with tougher regulation. By John Leicester. UPCOMING: 800 words at 5 a.m.
MARKETS & ECONOMY:
FINANCIAL MARKETS — A report on global markets, starting in Asia and updated through the close of trading on Wall Street.