While you were sleeping: Upbeat US jobs, housing

Thu, 19 Jan 2017

By Margreet Dietz Jan. 20 (BusinessDesk) - Wall Street declined as investors geared up for a speech by Federal Reserve Chair Janet Yellen later in the day and US President-elect Donald Trump’s inauguration on Friday. Across the Atlantic, European Central Bank policy makers kept key interest rates and asset purchase program unchanged. President Mario Draghi told reporters that underlying inflation pressures remain subdued, flagging the central bank’s commitment to ongoing stimulus. The latest US economic reports offered better-than-expe...

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