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US Economic News
19-05-2017, 09:35 AM,
Post: #201
RE: US Economic News
A new "innovative, popular and complex" product, named CLO (collateralized loan obligations)? A complex product usually is a risky one, IMHO.

Risky and complex US loan wagers are red hot in low-yield Asia

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23-05-2017, 09:48 AM,
Post: #202
RE: US Economic News
US's influence is still strong in AP

APEC trade ministers omit protectionism pledge in statement

22/05/17, 02:14 pm
(May 22): Asia-Pacific trade ministers issued a diluted “actions” statement after a weekend meeting in Vietnam, suggesting further pressure from the U.S. to avoid explicit pledges to combat protectionism.

The statement came after a dispute over wording, particularly whether to include language about protectionism. Instead, the Asia-Pacific Economic Cooperation document focused on issues like regulation and red tape.

“We call on officials to accelerate work to deepen APEC’s structural reform agenda to remove barriers to trade and investment,” it said.

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15-06-2017, 09:47 AM,
Post: #203
RE: US Economic News
The interest rate hikes are finally coming with high certainty.

US Fed raises key rate to 1.0-1.25%, signals one more hike in 2017
15 Jun 2017 06:34
[WASHINGTON] The US Federal Reserve raised its benchmark interest rate by a quarter point to 1.0-1.25 per cent on Wednesday and signaled another increase remains likely this year, despite the recent spate of weak economic data.

In explaining this second rate hike of 2017 and plans for more increases in the coming months, Federal Reserve Chair Janet Yellen said the move reflected the progress in the world's largest economy, which continues to add jobs at a solid pace.

"The economy is doing well, is showing resilience," Ms Yellen said in her quarterly press conference.
Source: AFP

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