Archive for November 27th, 2018

New Overnight Developments Abroad - Daily Update

Softer U.S. Consumer Confidence and House Price Inflation

November 27, 2018

The Federal Reserve’s Vice Chairman, who was sworn in just two months ago, endorsed the policy of gradual interest rate increases. Richard Clarida conceded that the federal funds target is getting closer to neutrality but said that more hikes are warranted. Clarida’s comments today were juxtaposed against U.S. and other data indicating slower global growth. […] More