Fed eExpected to Raise Interest Rates

Economic News
12 thg 12, 2017
Fed eExpected to Raise Interest Rates

Today a two-day Fed meeting  begins, where Janet Yellen is expected to take her last decision as Fed chief and to increase the base interest rate.

So this week will bring a discussion about the conditions of tax reform and its coordination between the Senate and House of Representatives.

Pending the adoption of new tax rules in the United States and a raise in interest rates, markets are prepared to protect themselves against losses. China is preparing a separate plan to minimize the risks for the economy and finance ministers from the EU sent a letter to the Minister of Finance Mnuchin with fears that the new tax plan could adversely affect international trade relations, since the tax reduction can result in business for a migration of capital in the United States from other countries. These expectations led the dollar to begin strengthening against other currencies, but the euro yesterday reacted negatively.

In addition, today there will be a speech by ECB President Mario Draghi.

This week can be considered as the pre-final and it is full of a variety of events to which investors will react. Whatever it was, all investors' attention will be riveted to the meetings of the central banks and their decisions about interest rates.

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