The European central bank will conduct its press conference on January 24 at 15:30 MT time.
Tax cuts will drive American economy, although benefits will be short-lived
The American economy will most probably soar this year at its fastest tempo for three years, powered by the greatest tax overhaul since the 1980s. That’s what most market experts told in a Reuters survey that also revealed that they hoped the boost would be short-lived.
The $1.5 trillion tax package signed by Donald Trump on December 22 didn’t cause a powerful market reaction, although it gave a firm push to the outlook for the world's number one economy.
Simultaneously poll respondents didn’t expect the Fed to drift away from its current guidance of three interest rate lifts in 2018.
The survey of more than 100 market experts during January 11-19 demonstrated that American annual GDP expanded 2.6% in 2018 versus 2.4% forecast the previous month.
More than ¾ of 76 market experts who responded to an extra question told that the forecast benefits from the tax cut initiative would start boosting surge considerably in 2018.
In December, American home sales slipped to their lowest value for three years…
UK employees’ pay surge reached another 10-year maximum and employment rallied by much more than anticipated for the three months to the end of November due to the fact that the UK labor market was still firm notwithstanding other signs of an economic…
Did Bitcoin manage to recover and what was the hottest news in the crypto and blockchain world? Read and find out!
On Monday, Asian stocks traded mostly higher, with Shanghai bucking the trend because centrist Emmanuel Macron fully matched opinion survey hopes and left anti-EU far-right nominee Marine Le Pen behind…
Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…