Archive | December 2016
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As widely anticipated, the FOMC unanimously raised the federal funds rate by 25 bps at its December two-day meeting as the committee found current labor market conditions and inflation sufficient. The move by the Federal Reserve was near-certain, but what remains uncertain is the Fed’s rate path for 2017. The materials released show the FOMC […]
Macro Update on Oil, U.S. Job Market, Stocks and Bonds Markets, and China On Oil: On Nov 30, 2016, oil prices rose more than 9%, as investors were hoping a deal determined by major oil-producing nations would help oil prices break out from a punishing slump, which has lasted over two years. The percentage gains […]