DAILY BASKET – NEWS COMMENTARY
US Fed Indicates Likely Interest Rate Rise Soon
MARSAL COMMENTS: The Fed (US Central Bank) is making noises that it may raise interest in its meeting scheduled for March 15th. The US market has been expecting this for some time and did not react too badly, but remained flat and choppy (Friday March 3, 2017). While world markets declined slightly. The Question is, will the Fed actually go ahead and raise interest despite the not too promising economic data released in the past few days? Or does it need to boost the weakening Dollar lest it lose its brilliance and trigger a domino effect? Also, it will need to finance Trump’s very ambitious “Rebuilding of America” plan. However, The US market has risen too much and too fast since Trump’s election, without real justification. It could be ready for a correction.
IMPACT POTENTIAL: (Negative)
EFFECT PERIOD: (Short Term)
READ ORIGINAL: Stocks hold flat after Janet Yellen puts March rate hike on the table