Monday, December 17, 2018 Baker Market Update - by Lester Murray

The big day is almost here! No, not that big day; there’s still plenty of time for Christmas consumption. The week’s biggest day, in the minds of many, will be Wednesday. That’s when Mr. Powell will almost assuredly announce the FOMC’s final rate hike of the year and the ninth such bump since his predecessor started down the path to normal on a snowy afternoon three years ago. Unfortunately, Robert Frost will not be around to memorialize the event. That will not, however, prevent the President from…more