Monday’s Market Update- January 8, 2018

0
447
breaking news

Is This Stock On Your Watch-List?

Technology that could stop the Num. 1 killer. This one company is steps away from pilot clinical studies. No wonder why investors are scrambling for more infor, NOW!…Read The Full Report, HERE

Israel Proposes Ban On Cryptocurrency Trading

The U.S. trade deficit increased more than expected in November with the imports of goods reaching a record high amid strong domestic demand. On Friday, the Commerce Department stated that the trade gap grew to 3.2 percent to $50.5 billion. This was the highest level seen since January 2012 and followed an increase revised $48.9 billion deficit in October.

In a survey, economists had predicted that the trade deficit would reach $49.5 billion in November following October’s $48.7 billion deficit. A portion of the increase of the deficit in November mirrored price increases. After adjusting for inflation, the trade deficit increased to $66.7 billion in November from $65.6 billion the previous month…..Read More Now

Fed’s Harker Calls For Two Rate Hikes in 2018


THE HERALD FINANCE REPORT

Start your workday the right way with the news that matters most.

Your information is 100% secure with us and will never be shared
Disclaimer & Privacy Policy


 

The President of Philadelphia’s Federal Reserve Bank, Patrick Harker, said on Friday that he thinks that the central bank should only raise rates two times this year, less than most of his colleagues, as low inflation continues plague the economy in the United States.

The dovish move for Harker, who was in favor of all three rate hikes for 2017, shows an increase in concerns regarding the central bank’s capability to spark up inflation with its 2-percent inflation target. Just in November, Harker stated that three rate hikes would be appropriate for this year, and now he is stating two. Most Fed officials anticipate three rate hikes for 2018, according to predictions released in December…..Read More Now

LEAVE A REPLY

Please enter your comment!
Please enter your name here