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In Brexit Britain, taking back control means the opposite

Prime Minister Theresa May likes to insist that her Brexit deal means Britain will “take back control” over its borders. But with just three months to go before the UK leaves the European Union, the very opposite is happening. Control is being outsourced, not taken back. The money and skills needed to create Britain’s post-Brexit infrastructure are making the country ...

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Industrial investors in US should proceed with caution

Fourth-quarter earnings tend to be an afterthought for investors in the US industrial giants. By this point in time, they usually have a good sense of the year that was and have already heard from companies on the near-term outlook. Not this year. Investors don’t have the same assurances headed into this earnings season and will be parsing the numbers ...

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Fed’s Bostic trims his rate outlook for 2019 to one hike

Bloomberg The US central bank should only raise interest rates once this year but keep going with its plan to gradually shrink the balance sheet, said Raphael Bostic, president of the Federal Reserve Bank of Atlanta and one of the Fed’s more dovish policy makers. “Coming into this year, a year ago, I saw two moves for 2019. Right now, ...

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