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12.01.2018 07:13

Fed's Dudley says tax cuts make him 'considerably more cautious' about longer-term economic outlook

  • Says U.S. fiscal path now unsustainable, sees risks to U.S. creditworthiness

  • Significant portion of tax cuts will be saved not spent

  • Tax cuts could lead to economic overheating, hurt long-term fiscal position

  • Expects above-trend gdp growth, rising inflation in 2018

  • U.S. Tax cuts to give short-term boost to economy but pose serious long-term risks

Market Focus

  • Canadian union leader says three NAFTA nations are still far away from resolving the most complex issues
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  • OPEC Sec-Gen says oil inventories in February below 50 mln barrels above 5-year-average, decline trend to continue in coming months
  • Earnings Season in U.S.: Major Reports of the Week
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