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UNITED STATES

  • The chairman of the Federal Reserve said its benchmark interest rate was approaching the “neutral” level that neither causes growth to accelerate nor to slow down
    • Will the central bank relax its rate-increases sooner than expected?
  • Crude oil inventories rose for the 10th straight week and futures fell following the Fed's statements 
  • Senators from both parties voted together to consider cutting off their country’s military support for the Saudi-backed war in Yemen
  • The Richmond Fed Manufacturing Current Average Wage hit its highest level since the recession 
    • and hiring activity is now slowing along with expected shipments and new orders 

OTHER

  • Paul Polman is stepping down as Unilever’s chief executive
  • The British government released its official forecast on the cost of Brexit
    • Under the current proposed exit suggestion, GDP will drop 3.9% lower —9.3% if there is no agreement.

CHINA



Submitted November 29, 2018 at 07:37AM by ogordained https://ift.tt/2Auw3QM

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