Central banks to stay quiet for now, says CMC
But the Fed could clarify its big unknown – how new appointees will implement monetary policy in 2018
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Most of the world’s major central banks are expected to remain on standby over the next three months, but the US Federal Reserve could further clarify how new appointees may move to implement monetary policy in 2018, says Michael Hewson, chief market analyst at CMC Markets.
The Fed is currently undergoing widespread executive changes on its board of governors. President Donald Trump has nominated Jay Powell, a current board governor, to replace Janet Yellen as
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