The Federal Reserve raised interest rates again yesterday, but the announcement of tighter policy followed news that the trend in core consumer inflation drifted lower. The combination of higher rates and a softer pricing pressure raise questions about the Fed’s plans for 2018.
Continue reading →

GOP’s legislative agenda threatened after Alabama loss: Politico
Fed raises target rate 50 basis points to 1.25%-1.50% range: CBS MoneyWatch
Fed chair Yellen is cautious on growth prospects for GOP tax cut: Bloomberg
US core consumer inflation dips to 1.7% y-o-y pace, close to 2yr low: Reuters
Retail spending growth in China accelerates: MNI
China’s central bank unexpectedly lifts short-term rates: RTT
UK’s Parliament votes to have final say over Brexit: Guardian
Fed’s median GDP growth forecast for 2018 raised 40bp to 2.5%: Federal Reserve