Never mind Trump, stocks may get a lift in 2025 from resilient US economy and corporate earnings
Singapore investing themes include riding elevated profitability at the banks; hunting for bargains among beaten down Reits; and watching for value unlocking initiatives
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US FED chair Jerome Powell sounded almost ebullient when he responded to a question last week about whether he felt satisfied with the way 2024 is coming to an end.
“I think it’s pretty clear we have avoided a recession. Growth this year has been solid – it really has,” he said at a press conference on Dec 18, following the Federal Open Market Committee’s final meeting of 2024.
He added: “If you look around the world, there’s just a lot of slow growth and continued struggle with inflation. I feel very good about where the economy is, and the performance of the economy – and we want to keep that going.”
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