While you were sleeping: Tillerson out, US inflation muted

Tue, 13 Mar 2018

By Margreet Dietz March 14 (BusinessDesk) - Wall Street gave up earlier gains as investors assessed the impact of tame US inflation data on the outlook for interest rates and US President Donald Trump’s sudden firing of Secretary of State Rex Tillerson on the administration's moves towards protectionism. Trump said he would nominate CIA Director Mike Pompeo as secretary of state. “We’ve got a new person filling the shoes of the Secretary of State,” Mike Bailey, director of research at FBB Capital Partners in Bethesda, Maryland, told B...

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