Rebound
After 2 consecutive weeks, tech stocks rebounded on Monday. But before we get too excited, don’t forget about the wildcard of the week - FOMC meeting / Jerome Powell
Having the interest rates unchanged this month is almost certain and definite. The question that investors would be asking is, when exactly will the first rate cut come? June? Or beyond that?
Having the interest rates unchanged this month is almost certain and definite. The question that investors would be asking is, when exactly will the first rate cut come? June? Or beyond that?
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OceansWave : At the looks of the current situation, the FEDs have more the reason to push it back further… however this year is election year and Senators are pressuring them to cut so that they can secure they votes by the US citizens… anything can happen.. the best approach is still wait and see before entering…
Cow Moo-neyOP OceansWave: Tough to be Fed - being sandwiched lol
OceansWave Cow Moo-neyOP: Well I got to respect Powell though.. he will not easily give into pressure by the US senate and house even if it cost him his job.. rumours are there that after this year he will be replaced… but he still standby his principles