Headlines discussed at LNWM’s Monday meeting:
— Congress finalized corporation-friendly tax reform bill, driving US equities higher.
— The Fed raised its target interest rate by 0.25% (to 1.25% – 1.5%), with 3 more increases likely in 2018.
— The European Central Bank upgraded its inflation expectations to 1.4% (from 1.2%) for 2018.
— Russia cut its key interest rate more than expected in an effort to expedite economic turnaround.
— The Federal Communications Commission repealed Internet neutrality regulations.
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