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Weekly Highlights 3 Nov: US Federal Reserve slashes rate again – 3rd time’s a charm?
By The Investment Blueprint  •  November 3, 2019
#1 More ‘fun’ times ahead? 

US Federal Reserve slashes the lending rate from the current range of 1.75% – 2% to, 1.50% – 1.75%. It is the third time this year that the Federal Reserve slashes the rate.

Coupled with the strong October jobs data, the US markets break new highs.

https://www.cnbc.com/2019/10/30/when-the-fed-cuts-rate-three-times-and-pauses-history-shows-it-works-out-great-for-stocks.html

https://www.cnbc.com/2019/11/01/dow-futures-open-nonfarm-payrolls.html

 

#2 Trump getting impeached? 

This is getting real.

With a tally of 232 to 196, US lawmakers voted in favour of progressing to the next stage of the impeachment process.

https://www.channelnewsasia.com/news/world/us-house-formalises-trump-impeachment-process-in-landmark-vote-12051722

https://www.reuters.com/article/us-usa-trump-impeachment-televised-analy/democrats-decision-to-televise-trump-impeachment-hearings-could-prove-politically-perilous-idUSKBN1XB50K

 

#3 China and the US finally in-sync?

Apparently, China and the US have conducted ‘serious and constructive’ discussion on trade issues.

Phase one of the agreement, which is yet to be finalized, represents 60% of a long-term deal between the two countries and it includes a pause in tariff escalation and China buying US agriculture products.

This is potentially good news for the

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By The Investment Blueprint
My name is Harvey and I aim to publish at least one article per week. Only facts, statistics and a whole lot of caustic humour. ETF enthusiast.
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