After IMF and ECB, next up is the Fed
OFFICIAL policymakers played a big part in last week's action: the International Monetary Fund (IMF) with its inclusion of China's yuan as a reserve currency and the European Central Bank (ECB) when it disappointed markets with a smaller-than-expected monetary stimulus package on Thursday.
The next big market-moving policy event is the US Federal Open Markets Committee (FOMC) meeting over Dec 15-16, arguably the most anticipated meeting of the year.
Some might describe it as "eagerly" anticipated, while others might prefer "dreaded", depending of course, on a variety of factors, among them whether …
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Lululemon to shutter Washington distribution center, lay off 128 employees
Wall Street bonus rules return to regulatory agenda in third try
Honda to invest US$808 million in Brazil by 2030
US: Nasdaq, S&P tumble as Netflix, chip stocks drag
Europe: L’Oreal gains cap third week of declines
Telegram messaging service to allow Tether stablecoin payments