The FOMC minutes were delivered yesterday, which continue to disappoint Trump. The first day of the EU summit ended with a negative tone around the EU-UK divorce deal.
THE FOMC MEETING MINUTES
As we all know, nowadays, the Fed is not the most favourite entity of the US president Donald Trump. He keeps throwing out criticism towards the Federal Reserve that it wants to continue raising interest rates. Yesterday’s Fed Reserve Meeting Minutes stated exactly this, that they remain convinced that a gradual increase of the interest rate is what the US economy needs. This is to be done in order to preserve the economy within a steady growth path. As we know, during the last meeting, the Fed decided to raise rates by a quarter of a percent, which brings it to a range between 2 – 2.5% percent.
The Fed is also not very pleased with certain policies that Donald Trump implements, which have...
THE FIRST DAY OF THE EU SUMMIT
Judging by the reactions, it seems that the Brexit topic still remains and issue for the EU, even though the British Prime minister Theresa May keeps trying to reassure everyone that a deal will be reached on time. In the meantime, the EU, which is not satisfied with the...
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