Latest Market Updates
Senate Democrats and Republicans agreed on a deal to reduce automatic spending cuts and provide $23 billion in deficit reduction over a period of two years. While the potential for another government shutdown had little impact on markets leading up to last night’s deal, analysts are noting Wednesday that at a minimum, it equates to one more unstable element taken away from a market place.
Meanwhile, markets are looking ahead to next week’s meeting of the Federal Reserve amid continued speculation over when Fed policymakers will attempt to curb its monthly bond-purchase program. Several Fed officials have gone on record in recent weeks in support of a December taper. In addition, recent upbeat U.S. economic data, including a stronger-than-expected U.S. jobs report last Friday, have prompted speculation that the Fed might move up its timeline for tapering.
Federal Reserve officials are scheduled to meet December 17-18 to review economic data and assess policy.
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Market Updates Archive
Merit Gold News Network
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