News Regulators 

The Fed and Interest Rates: What to Watch For Today

“By raising interest rates, the Fed is gradually reducing the magnitude of that stimulus” writes Binyamin Appelbaum for nytimes.com. If Wednesday’s decision to raise interest rates is not unanimous, the concern about inflation is the most likely reason.But some Fed officials are concerned the Fed itself is contributing to the weakness of inflation.Fed officials are wary of injecting the central bank’s views into the final stages of the political debate about tax cuts.Goldman also expects the Fed will raise rates three times in 2019, one more than the Fed’s September…

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News Regulators 

The Latest: Investors cautious ahead of Fed announcement

“The Latest on the Federal Reserve’s monetary policy meeting (all times local): World stock markets are subdued ahead of an expected interest rate increase from the Federal Reserve” reports foxbusiness.com. However, they will be keeping a close eye on Fed Chair Janet Yellen’s comments during a news conference for signals on how aggressive the Fed might be in raising rates next year.Wall Street was expected to open flat, with futures for the Dow and S&P 500 indexes trading flat.The Fed is widely expected to raise on Wednesday its key interest…

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Markets News Regulators Stocks 

Asian stocks higher ahead of likely US rate hike

“Asian stocks were mostly higher Wednesday following overnight gains on Wall Street as investors looked ahead to a likely U.S. interest rate hike” reports foxbusiness.com. Technology stocks declined the most.Banks and other financial stocks led the gainers as the Fed met to discuss interest rates. Source: foxbusiness.com Share This:

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News Oil Stocks 

Banks lead US stock indexes mostly higher in afternoon trade

“Brent crude, the international standard for oil, shed $1.35, or 2.1 percent, to close at $63.34 per barrel in London” writes The Associated Press for seattletimes.com. The Russell 2000 index of smaller-company stocks shed 1 point, or 0.1 percent, to 1,518.Banks led U.S. stocks mostly higher in late-afternoon trading Tuesday as the Federal Reserve met to discuss interest rates and the economy.Heating oil shed 2 cents to $1.93 a gallon.Banks benefit from higher interest rates because they can charge more to lend money. Source: seattletimes.com Share This:

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News 

Goldman sees Congress approving tax bill, but companies won’t see cuts until 2019

“Goldman Sachs economists expect Congressional tax legislation to make corporate tax cuts effective in 2019 and new rules could encourage U.S. companies to issue more debt overseas” writes Patti Domm for cnbc.com. But some aspects of the tax legislation would take effect in 2018, including the ability of companies to fully expense capital expenditures.The Goldman economists also said the estimated revenue gain from Congressional plans to limit state and local tax deductibility could be overstated.In their note, the economists said the plan would indirectly encourage companies to issue more debt…

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News 

Chelsea interested in hijacking deal for Liverpool and Arsenal target Lemar

“Chelsea are the latest club to show an interest in Monaco’s Thomas Lemar, but they will have to battle Liverpool and Arsenal who see him as a long-term target” writes Sporting News for sportingnews.com. Juventus’s Alex Sandro and Everton’s Ross Barkley are other targets that Chelsea missed out on but retain an interest in. The 22-year-old’s fee will likely represent a transfer record for all three clubs holding an interest in him. Source: sportingnews.com Share This:

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News 

Chelsea aim to hijack Arsenal’s January bid for £80m-rated Monaco star Thomas Lemar

“Chelsea are weighing up a January bid to try to hijack Liverpool and Arsenal’s interest in Monaco star Thomas Lemar as the club consider ways of increasing head coach Antonio Conte’s options” writes Matt Law for telegraph.co.uk. But Telegraph Sport can reveal that Chelsea hold a strong and genuine interest in Lemar, and are seriously considering making a bid of their own.Arsenal and Liverpool both failed with offers for Lemar during the summer, with the Reds ready to revive their interest in the New Year. Source: telegraph.co.uk Share This:

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Crypto Futures News 

Bitcoin futures fall on second day of trading on very low volume as interest wanes

“Cboe’s bitcoin futures launch comes a week ahead of CME’s own product in a race by major exchanges to launch bitcoin derivatives” writes unknown author for cnbc.com. Bitcoin futures fell in low volume Tuesday in their second day of trading on the Cboe Futures Exchange.The digital currency has surged about 1,700 percent this year as investor interest has grown despite criticism that bitcoin is in a bubble.The Cboe bitcoin futures, listed under the ticker XBT, traded about 0.8 percent lower near $18,400 after earlier falling more than 3.5 percent.Bitcoin itself…

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Markets News Regulators 

Here’s why the Fed will hike interest rates

“New York Fed President William Dudley has repeatedly warned the Fed would raise rates at a faster clip if financial conditions did not tighten as desired” writes Senior Economics Reporter for marketwatch.com. The stock market continues to routinely set records, and the 10-year Treasury yield is virtually unchanged after the Fed has increased interest rates four times.Many analysts say the so-called yield curve may flatten and could cause the Fed to abort its rate-hike cycle.Eastern on Wednesday, the Fed will release a policy statement, revised economic forecasts, and “dot plot”…

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Markets News 

I’m 29 and I manage $100 million — here are the 7 best pieces of advice I can give you about investing

“Surprisingly, the ones that will love you are the ones that you’ve hated for years: the foreign markets this year” writes Michelle Mckinnon for businessinsider.com. Now it doesn’t take a CFP professional to see that the US markets are doing well, but what about the foreign markets?. The common assumption is that one day interest rates will move higher and never come back down.A podcast where we dive into every day financial questions with female trailblazers.This means adding exposure to not only the foreign markets but also to the bond…

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