Headlines to be discussed at LNWM’s Monday briefing:
— The Fed raised interest rates for the 2nd time this year, signaling confidence in US economy.
— US inflation is expected to stay under 2%, on weaker data on factory orders and import prices.
— Oil prices fell to less than $45/barrel, on higher US production and weak demand for gasoline.
— Amazon will buy Whole Foods for $13.7 billion (27% premium), in a bid to shake up grocery industry.
— The Bank of England said it’s close to raising interest rates, sending European stocks lower.
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