Fed Fund Rate vs DOW Jones:
On
last FOMC meeting of 2017, US interest rate was raised to 1.25 ~ 1.5%.,
with three more hikes were expected for next year. The monetary policy
has been loosening since 2009 (global market collapsed). Next year,
interest rate could finally back to it's level which was last seen on
2008. Bond buying will shrink US$20b/month (from US$10b/month) from Jan as well.
Market Calendar on coming week:
(SG: Singapore; CH: China; US: USA).
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