08/21/2018 Morning Brief

Tuesday, August 21, 2018

Atlanta Fed Bank President Raphael Bostic spoke yesterday and repeated his expectation for one more interest rate hike this year. Bostic said, recent global events add downside risk to the U.S. outlook. The swift decline in the Turkish lira took officials by surprise. Bostic is a voting member of the Fed's interest-rate committee this year. The market has priced in two more rate hike in 2018. On the economic calendar; The Fed will be released today at 8:55 am ET

Equity markets –