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All eyes focused on clues for future Fed hikes
Just how fast the Federal Reserve hikes rates next year will be the all-important question global investors will be hoping to get answered when the U.S. central bank meets next week. But Fed policymakers are likely to leave them guessing until the Trump administration clarifies its tax cutting and infrastructure spending plans, economists say. There is little doubt that the Fed will raise interest rates for the first time in a year on Wednesday, with markets pricing in a near 100 percent chance for a quarter percentage point increase in its target range. "With a rate hike being fully priced in, the focus will be on ... (full story)
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Beware of robber banks (RB), bad advisors.
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