New Capital- Fed Revives Rate Cut Hopes

2019-07-25 08:22
  • Share

The stronger than expected US jobs report from the previous week tempered expectations of imminent policy easing by the Federal Reserve, giving stocks a sluggish start on Monday. Equities were however boosted on Wednesday following Jerome Powell’s testimony before Congress which restored hopes of an interest rate cut at the central bank’s policy meeting later this month.

Related Articles

Manage your asset round-the-clock


3896 3896

1501, 15/F, 101 King's Road,
North Point, Hong Kong

Mon - Fri (excluding public holidays)
09:00 - 18:00

Copyright © 2020 Noble Apex Advisors Limited. All Rights Reserved.