Miércoles, 12 Diciembre, 2018

US Fed to 'soon' raise interest rates

US Fed to 'soon' raise interest rates US Fed to 'soon' raise interest rates
Malita Javier | 25 May, 2017, 17:27

"The minutes, while leaving the door open for another rate hike weren't as hawkish as some investors had been expecting - there had been speculation ahead of time that hawkish tones could be quite supportive for the dollar", said Alexandra Russell-Oliver, currency analyst at Caxton FX in London.

Following the Fed minutes' release, traders scaled back bets on two more rate increases by the end of 2017.

However, Booth, now president of Money Strong, isn't so sure the markets believe a September hike is coming, and she thinks they are also beginning to question whether it will happen in June.

Wall Street finished higher Wednesday for the fifth consecutive session, and the S&P 500 hit an all-time high as investors reacted favorably to the United States central bank's signal that a rate hike is coming "soon".

Trump denies outing Israel in secrets gaffe with Russians
Arriving directly from Riyadh, Saudi Arabia, Mr Trump expressed his hope for cooperation among USA allies in the Middle East. He said that terrorism must not only be measured by the number of dead, but the number of "vanished dreams".

Federal funds futures suggested traders saw about a 79 percent chance that the United States central bank would raise key short-term rates by a quarter point to 1 percent-1,25 percent at its June 13-14 policy meeting, little changed from Monday's close, CME Group's FedWatch program showed.

The Federal Reserve may raise interest rates as soon as next month, the minutes from a recent policy meeting show. "In the past, they had said the slowdown was transitory", said Daisuke Uno, chief strategist at Sumitomo Mitsui Bank. The Dow climbed 74.51 points or 0.4% to 21,012.42, the Nasdaq advanced 24.31 points or 0.4% to 6,163.02 and the S&P 500 rose 5.97 points or 0.3% to 2,404.39.

Lowe's dropped 3 per cent after the home improvement chain reported a lower-than-expected profit and comparable sales.

ANALYST VIEWPOINT: "Although expectations of a rate hike in June were realized when Federal Reserve officials said it would "soon be appropriate" to raise rates again, the longer-term hiking path remains clouded", said Lukman Otunuga, analyst at FXTM. "It won't lift the rate structure much", he said.

Amber Portwood's fiance says he doesn't want to marry her
I don't know how many damn times we've broken up, you know?" When she made her tape, MTV kicked her off the show. But Matt insisted and tried again to push her into it, saying: 'Let's just f--ing do it'. "We've broken up.

"The caps would initially be set at low levels and then be raised every three months, over a set period of time", the Fed said.

The yield gap between two-year and 10-year Treasuries shrank over 1 basis point to 96 basis points, not far above the level last seen on October 27.

Following the minutes, the 10-year U.S. treasuries yield fell to 2.255% from Wednesday's high of 2.297%. Brent crude, used to price worldwide oils, climbed 11 cents to $54.85 a barrel in London. Shares of materials companies rose by a similar amount and consumer staples added 0.5%. USA light crude was up 46 cents, or 0.9 percent, at $51.82. Hong Kong's Hang Seng index gained 192.44 point or 0.76 percent to 25,620.94, closing higher for a fifth straight session despite its credit rating also been downgraded by Moody's.

Investors await the outcome of discussions in Vienna between OPEC and other oil-exporting countries on whether to extend output cuts.

An arrest warrant is issued for yoga guru Bikram Choudhury
In 2016, a jury found that Choudhury has to pay $6.47 million in punitive damages for sexually harassing and firing Jafa-Bodden. He was ordered to pay almost 6.5 million dollar in punitive damages in addition to 924,000 dollar in compensatory damages.

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