Day: March 20, 2019

FOMC: Above Trend Growth Requires Continued Monetary Support

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The Federal Reserve sounded more dovish than many expected and this prompted a 5-7 bp drop in US rates, and the dollar fell to new lows for the week against many of the major currencies. The median Fed forecast now anticipates no hike this year but one next year. The Fed will also taper the …

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Brexit Drama Continues but Fed Moves to Center Stage

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Overview: US stocks were not able to hold onto early gains yesterday, and this has helped set the stage for today’s heavier bias. Asia Pacific markets were narrowly mixed, with Japan and Korea eking out small gains while China and Taiwan slipped a little. Europe’s Dow Jones Stoxx 600 is threatening to snap a five-day advance …

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Day: March 20, 2019

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