Global Markets

Banks push forecasts for first Fed hike into 2016.

Repeal effort has bipartisan support, but the issue of replacing lost revenue is an obstacle.

Repeal effort has bipartisan support, but the issue of replacing lost revenue is an obstacle.

According to SWIFT, transactions denominated in China's yuan in August accounted for a larger proportion of global trade than those denominated in Japanese yen.

According to SWIFT, transactions denominated in China's yuan in August accounted for a larger proportion of global trade than those denominated in Japanese yen.

U.S. Supreme Court declines to consider a case that the Obama administration says plots a road map for securities fraud.

U.S. Supreme Court declines to consider a case that the Obama administration says plots a road map for securities fraud.

Congress tasks the Fed with pursuing max employment and price stability. But the Fed acts as if financial-market stability were also its responsibility.