Wednesday, March 1, 2017

Markets left in limbo as Trump Congress speech fails to give details of economic policy

Source: http://ift.tt/2lxo2lu
March 01, 2017 at 08:57AM

President’s Congressional address was a repeat of campaign pledges and was overshadowed by Fed comments that March rate hike ‘more compelling’

Asian markets have given a muted reaction to Donald Trump’s speech to Congress after the US president failed to offer further details on his plans for infrastructure spending and tax reforms.

Trump pledged to overhaul the immigration system, improve jobs and wages for Americans and promised “massive” tax relief to the middle class and tax cuts for companies, but offered few clues on how they would be achieved.

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