Harker believes two rate hikes 'appropriate' this year

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Source: Dukascopy Bank SA
On Friday, the President of Philadelphia Federal Reserve Bank Patrick Harker said that insufficiently fast wage growth as well as various risks in the bond market should limit the number of rate hikes to two in 2018.
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Fri, 05 Jan 2018 21:04:04 GMT

FEMA transfers risk to 28 private reinsurers

The US Federal Emergency Management Agency (FEMA) said it has transferred $1.46B of risk from the National Flood Insurance Program (NFIP) to 28 nongovernmental reinsurers for this year.

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Trump flies to Maryland to meet with Republican leaders

The US President Donald Trump left Washington on Friday to meet with senior Republicans in Maryland and discuss strategy for the upcoming congressional elections that will take place in November.

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