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S&P’s Kraemer: US tax plan seen increasing deficit, could prompt Fed to hike rates faster

In an interview with Reuters, Moritz Kraemer, chief rating officer at S&P Global, argued that the U.S. tax plan would increase the deficit and could prompt the Federal Reserve to hike interest rates at a faster rate than expected. Kraemer further added that a looser fiscal policy could lead to negative rating action unless the long-term challenges are addressed.

WTI keeps the red on EIA, below $57.00

Prices of the barrel of the West Texas Intermediate managed to leave the area of daily lows and tested the $57.00 mark following the EIA’s weekly repo
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The RBA recap - UOB

Analysts at UOB Group noted that on Tuesday (5 Dec), the Reserve Bank of Australia (RBA) held its official cash rate (OCR) steady at a record low of 1
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