Amid wide expectations of a third rate hike for the year, the Federal Reserve raised the benchmark federal funds rate
Fed Chair Janet Yellen, who is set to step down from her post in early 2018, does not expect any significant changes on the Fed's current course on bank rules once current Fed Governor Jerome Powell takes over at the central bank, The Wall Street Journal reports.
On bitcoin
Meanwhile, Interactive Brokers Group Inc. has started accepting orders for short sales of Cboe Futures Exchange bitcoin futures, requiring margin of $40,000 per contract. The brokerage firm, which started participating after Cboe Global Markets Inc. launched bitcoin futures trading, is also planning to offer bitcoin futures from CME Group Inc.
In people
In other parts of the world
Asia Pacific: US Fed raises rates; Blackstone to enter Australian mortgage market
Europe: UBS reshuffles top brass; Aegon chair retiring; SEB divests Danish pension biz
Middle East & Africa: Saudi Arabia, UAE lift rates; Fitch takes Qatari banks off Rating Watch Negative
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng slipped 0.19% to 29,166.38 and the Nikkei 225 slid 0.28% to 22,694.45.
In Europe, around midday, the FTSE 100 shed 0.19% to 7,482.40 and the Euronext 100 fell 0.29% to 1,042.12.
On the macro front
The jobless claims report, the retail sales report, the import and export prices report, the PMI Composite Flash, the Bloomberg Consumer Comfort Index, the business inventories report, the EIA natural gas report, the Fed balance sheet and the money supply report are due out today.
The Daily Dose is updated as of 7:30 a.m. ET. Some external links may require a subscription.
