The Monday Mix: Dec. 31 – Jan. 6, 2018
Headlines discussed at LNMW’s Monday morning briefing:
— US stocks got a lift from strong jobs report: 312,000 new jobs in Dec.; wages up 3.1% year-over-year.
— Federal Reserve Chair said he will be flexible and patient about increasing interest rates further in 2019.
— A US delegation will visit China to hold trade talks Jan. 7 and 8, aiming to diffuse trade war.
— China is injecting $116 billion into its economy via monetary stimulus, to combat slowing growth.
— The US government partial shutdown entered its 3rd week, with little progress toward resolution.
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