US Trs Sec. Mnuchin testifying + additional key funda/political headlines

US Trs Sec. Mnuchin is currently testifying before the senate finance committee.

So far, he has said that he is comfortable with growth assumptions in the budget.

Here are additional fundamental, economic and political headlines that have recently been coming through on a busy day in the NY session with a complete turnaround in price action across various asset classes and indexes.

  • Atlanta Fed GDPnow Q1 forecast lowered to 3.2% from 4.0%.
  • US Sen. Graham & Flake - bipartisan senators have reached consensus on immigration.
  • JP Morgan says Jan CPI data cement likelihood for us rate hike in March, raise chances fed may signal four hikes in 2018 from three hikes.
  • JP Morgan cuts us Q1 GDP growth view to 2.5% from 3.0% after Jan "scorching" CPI, "ugly" retail sales data.
  • DUP Leader Foster: no current prospect of talks leading to the formation of Northern Ireland executive.


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