BOCI Prudential- Monthly Investment Bulletin (August)

2019-08-12 06:27
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The Fed cut 25bps as widely expected, citing slowing global growth, elevated trade tension, and low inflation. This is the first rate cut since 2008. Chairman Powell indicated that this is a mid-cycle adjustment rather than the beginning of an easing cycle, meaning the Fed can resume rate hike if it sees appropriate.

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