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| | | And so it has come to pass. The US Federal Reserve did what was widely expected of it - it raised the fed funds rate target by 25 basis points to 1.5%-1.75% following its 20-21 March FOMC meeting. One sentence in the FOMC statement provides the underlying ... |
| | | | The Fed meets this week and it's almost as good as gold that it will announce another gentle 25 basis points hike, taking the fed funds rate to 1.5%-1.75% - CME FedWatch Tool has the probability of a rate hike at 94.4% - when the US central bank concludes ... |
| | | | "It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of light, it was the season of darkness, it was the spring ... |
| | | | "Stocks, Treasuries Sink on Hawkish Powell Remarks: Markets Wrap" Bloomberg's headline just about sums up last night's activity on Wall Street that saw the S&P 500 index drop by 1.3%; the yield on 10-year Treasuries climb by three basis points to 2.89% ... |
| | | | Three out of three central banks kept monetary settings unchanged at their most recent meetings - what's more important is where the central banks think we are and where they plan to take us. The minutes of the meetings of the Reserve Bank of Australia ... |
| | | | "Suddenly the wheels are in motion. And I, I'm ready to sail any ocean. Suddenly I don't need the answers. Cause I, I'm ready to take all my chances with you." - Olivia Newton-John Oh yes Virginia, the wheels are surely in motion...suddenly. The Dow ... |
| | | | The US Federal Reserve is raising interest rates and other central banks have signalled they too will pare stimulatory measures introduced in the wake of the GFC, all of which has significant consequences for money managers in 2018. The Reserve Bank ... |
| | | | "Here comes the sun, and I say It's all right." -- The Beatles Wall Street again went on a record breaking run last week with the S&P 500, the DJIA, the Nasdaq Composite and the Russell 2000 all finishing at all-time highs... and for good reasons. Growth ... |
| | | | There's certainly no denying that the bulls ruled Wall Street over the course of 2017 with its record breaking feat splattered all over the financial headlines one day after another. Less focused on was the fact that the S&P 500, the DJIA and the Nasdaq ... |
| | | | There wasn't really anything earth-shattering in US Federal Reserve Chair Janet Yellen's testimony before the Joint Economic Committee of the US Congress overnight where she discussed 'The Current Economic Outlook and Monetary Policy'. Growth is gaining ... |
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