Daily Market Commentary

January 11, 2018

Bonds
The Federal Reserve is still expected to raise interest rates three times this year, Bloomberg's latest monthly survey shows, but the timing of the second hike was seen shifting into the second quarter, compared with the third quarter in the previous poll.

Economy
U.S. filings for unemployment benefits unexpectedly rose to a three-month high last week during a holiday period when claims tend to be volatile, Labor Department figures showed Thursday.

Global
European Central Bank policy makers said they're open to tweaking their policy guidance soon to align it with a strengthening economy, spurring a rise in the euro as traders bet bond-buying will end in September.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

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