Yesterday we joked that with the US House of Representatives set to vote for the GOP tax bill on Tuesday, markets would "price in" the same tax legislation they have been pricing in every day for the past year, all over again...
Get ready for US markets to price in tax reform all over again in just a few short hours
— zerohedge (@zerohedge) December 19, 2017
One day after the Fed hiked rates by 25 bps as part of Janet Yellen's final news conference, it is central bank bonanza day, with rate decisions coming from the rest of the world's most important central banks, including the ECB, BOE, SNB, Norges Bank, HKMA, Turkey and others.
Submitted by Rajan Dhall MSTA and Shant Movsesian from fxdailyterminal.com
Submitted by Shant Movsesian and Rajan Dhall MSTA fxdailyterminal.com
Authored by MN Gordon via EconomicPrism.com,
There are many things that could be said about the GOP tax bill. But one thing is certain. It has been a great show.
Obviously, the time for real solutions to the debt problem that’s ailing the United States came and went many decades ago. Instead of addressing the Country’s mounting insolvency, lawmakers chose the expedient without exception. They kicked the can from yesterday to today.