This could be an important factor for the Federal Reserve to assess when it considers halting interest rate hikes. In the meantime, some investors may already be wondering if the benefits from tax cuts are behind us, says David Gilmore, partner at FX Analytics.
Estimated reading time: 0 minutes, 23 seconds
Equity Selloff Could Influence Monetary Policy
- Saturday, Oct 27 2018
- Markets & Investments
- Written by PFA News
The October equity selloff could signal that investors are concerned that stimulus from U.S. tax cuts and government spending will fade sooner than previously anticipated. So reports Reuters.