The Federal Reserve is widely expected to raise interest rates again at next month’s FOMC meeting. Using the futures market for Fed funds as a guide, another round of tightening is a virtual certainty. The ongoing rebound in the inflation-adjusted monetary base, however, suggests that there’s still room for debate.
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Johnson is the first GOP senator to oppose tax-reform bill: Politico
US retail sales rose a moderate 4.6% for y-o-y change through Oct: USA Today
US core inflation up 1.8% y-o-y in Oct–first acceleration since Jan: Bloomberg
NY Fed Mfg Index falls but still pointing to healthy growth: RTT
Year-ahead business inflation expectations inch up to 2.0%: Atlanta Fed
Business inventories in US unchanged in Sep: Reuters
A handshake suggests warmer relations between China and Japan : NY Times
Will global economic growth keep the bull market humming? MarketWatch
S&P 500 slumps to a three-week low: Bloomberg