Ahead of Fed’s final meeting of 2024, all eyes on the gifts that Powell might dole out
Add BT as a preferred source
LAST Christmas, the US Federal Reserve gave the stock market a change of heart. This year, to save economists from tears, the central bank is going to do something special – it is going to pause.
After more than a year of ratcheting up interest rates at every meeting, the Fed finally pivoted from its war on inflation and paused rate hikes in December 2023.
Investors, however, had to wait nine months until September this year for a rate cut.
TRENDING NOW
ComfortDelGro’s Zig to buy S$10 million worth of BYD cars for private-hire fleet
Singapore telco price war squeezes earnings, strengthens case for StarHub-M1 deal, say analysts
Sats slides 13.6% as investors dump shares on profit-margin squeeze
When every phone becomes a satellite phone, what happens to Asia’s telcos?
