FTSE 100 Hits New Record High And Dow Jones Smashes 21,000 On Trump Trade But Pound Sinks Below $1.23 On Weak Data

This is source I found from another site, main source you can find in last paragraph

 A handful of Federal Reserve policymakers yesterday jolted markets into higher expectations for a March US interest rate increase, with comments that suggested rate-setters are worried about waiting too long in the face of pending economic stimulus from Washington.

New York Fed President William Dudley said on CNN that the case for tightening monetary policy "has become a lot more compelling" since the election of President Donald Trump and a Republican-controlled Congress.

John Williams, president of the San Francisco Fed, said that with the economy at full employment, inflation headed higher, and upside risks from potential tax cuts waiting in the wings, "I personally don’t see any need to delay" raising rates.

"In my view, a rate increase is very much on the table for serious consideration at our March meeting."

In remarks to a joint session of Congress, Trump offered little detail about planned tax cuts or new infrastructure spending beyond the broad strokes he offered during the election campaign -- leaving policymakers with little to add to their analysis. 

This is source I found from another site, main source you can find in last paragraph

Source : http://www.telegraph.co.uk/business/2017/03/01/ftse-100-breaks-7300-markets-digest-trump-address-congress-fed/



FTSE 100 hits new record high and Dow Jones smashes 21,000 on Trump-trade but pound sinks below $1.23 on weak data
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