Mirror mirror on the wall what are Wall Street Forecasts for 2017?
If you’re thinking 2016 has turned out to be a year to remember, 2017 is promising to be an even more eventful year for the financial markets.
For the first time in around a decade, there will be no stimulus from the world’s largest and most significant central bank next year. The Federal Reserve has ended its quantitative easing program and is finally tightening monetary policy, nearly ten years after the financial crisis unfolded.
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What’s more government bond yields around the world are grinding steadily higher after plumbing to all-time lows over the summer. Higher rates from the Fed coupled with the belief that fiscal stimulus is now on the horizon has helped reduce the stock of negative yielding sovereign bonds down from $13 trillion and already inflicted up to $1 trillion of losses on bond investors.
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