Investors in Christmas celebration

By Peter Lundgreen

Dec 16, 2023 12:17 am

LUNDGREEN'S GLOBAL PERSPECTIVE

THE US central bank handed out large Christmas gifts on Wednesday, December 13. The result of the monetary policy meeting was to keep rates at a long-term high, but the comments from the Federal Reserve Bank were reason for cheer in financial markets.

Maybe the cheers are so loud because it was, after all, a surprise that the Fed has already turned around and is outright pointing at rate cuts next year. Based on the communication, it seems that the central bank's own expectation is three rate cuts of 25 basis points each.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

LUNDGREEN'S GLOBAL PERSPECTIVE

Related Articles

Govt to push 'really hard' for PH-US FTA

Sources: Maynilad hires banks for public listing

PH starts marketing dollar bond offering

Marcos: PH to boost engagement with ADB

DA, retailers tie up to sell cheaper rice

DENR, UNDP launch action vs plastic waste

BSP posts P113.1-B profit as of end-Oct