The economist say the slow down from a “boomy” 3.1 percent in year-over-year fourth quarter growth will come as fiscal, monetary and trade policy get less supportive or more restrictive.
Global Economic
Sterling turns negative after PM May plays down chance of Brexit transition extension
Brexit: The Sun Newspaper Says 42 Conservative Party Lawmakers Have Given Firm Assurances They Have Submitted Letters Of No Confidence In UK PM May
Dollar Pressured as Fed Officials Caution about Global Growth, Yen Firms
Gold Silver Reports (GSR) – The U.S. currency has enjoyed a strong run this year thanks to the Fed’s steady policy tightening on the back of a robust economy and rising wage pressures. A fourth rate hike for this year is expected next month and policy makers had indicated two more by June 2019.
Gold Prices Kiss 1 Week high Amid Brexit Turmoil
Gold Silver Reports (GSR) – Gold prices rose on Friday, having hit a one-week high earlier in the session, as investors sought safe-haven assets amid fears of a chaotic departure for Britain from the European Union.
Fed Set for a Broad Review on How it Conducts Policy in 2019
Gold Silver Reports (GSR) – Central bank officials announced Thursday that they will look at “strategies, tools, and communication practices” the Fed uses to formulate monetary policy.
Loans Up to Rs 1 Crore to MSMEs in Just 59 Minutes
Gold Silver Reports (GSR ) — In a bid to boost credit availability to Micro, Small and Medium Enterprises (MSMEs), Finance Minister Arun Jaitley has launched a web portal through which one can avail loans up to Rs 1 crore in just 59 minutes. The portal will enable principal approval of loans up to Rs 1 crore for MSMEs from Small Industries Development Bank of India (SIDBI) and 5 Public Sector Banks (PSBs).
UK, EU Agree Tentative Brexit Deal on Financial-Services: The Times
British and European negotiators have reached tentative agreement on all aspects of a future partnership on services, as well as the exchange of data, the British newspaper reported, citing government sources.