Tag Archives: Weekly Highlight Event
FOMC Minutes: No Light at the End of The Tunnel for Fed
On Wednesday, the U.S Federal Reserve released the minutes for its 13-14 December meeting, revealing a key message coming from committee members to investors: don’t start counting on a dovish pivot just yet. Quoting from the minutes – “an unwarranted easing in financial conditions, especially if driven by a misperception by the public of theContinue Reading
U.S. Shares Tumble on Hawkish Fed Signals
On Wednesday, 2 November, the US Federal Reserve implemented its fourth mega hike, raising interest rates by 75 basis points, or 0.75%, in its continuing fight against high inflation. This brings the current Fed’s benchmark rate to 3.75% – 4%, with rates expected to hit a ceiling at 4.5% – 4.75% in 2023 according toContinue Reading
