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Markets risk a ‘brutal’ fall as they ignore the Fed’s latest warning shot

January 12
15:40 2018

President Trump has dug a hole for himself with his latest take on immigration policy, as both Republicans and Democrats denounce his “shithole countries” remark.

The tweeter-in-chief is denying he used that language, while also trying to switch the conversation to why he scrapped his London trip. But it’s tricky to climb out of a big pit quickly. Announcing further sanctions relief for Iran could help.

Markets also find themselves in a tough spot, says our call of the day from the Wolf Street financial blog’s Wolf Richter.

Richter is focused on a warning shot fired late yesterday by the New York Federal Reserve’s William Dudley.

Continue Reading at Market Watch

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