Busy week as we saw multiple important meetings take place globally and a trade war begin to brew.

We witnessed the first FOMC meeting under Chairman Powell. The interest rate hike of 25 basis points was implemented as expected. We also learned that 2 more rate hikes are on the horizon for 2018 and potentially 3 in 2019.

The Bank of England was a bit more tame than the United States as they left their rates unchanged.

One main takeaway from the G20 meetings is their mission to strengthen global trade contribution. They also touched on cryptos, mostly the possible dangers or red flags associated with these “assets”.

President Trump continues to take steps to impose taxation on foreign goods. China seems poised to counter with moves of their own.