In what is often a boiler plate report on conditions in the banking system and corporate and business debt, the Fed instead warned of “generally elevated” asset prices that “appear high relative to their historical ranges.”
Federal Reserve News Today
The Federal Reserve has signaled that it plans to proceed with an interest-rate increase in December
Fed officials have signaled in recent days they plan to proceed with another quarter percentage point increase in their benchmark short-term interest rate when they meet Dec. 19, marking their fourth rate increase this year.
Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in “neutral” territory.
StockMarketNews.Today – At an event sponsored by the Manhattan Institute, Kaplan said he has not decided yet whether the Fed would need to raise rates above this neutral level.
The US-China trade war looks set to escalate. Donald Trump wants to more than double the proposed tariffs on $200bn of annual imports from China — from 10 per cent to 25 per cent.
StockMarketNews.Today – Trump tariff threat takes fresh bite out of China stocks. Hang Seng hits 10-month low as US mulls raising duties on China imports to 25%.