Why US rate-cut pause is a positive sign for instos
The hiatus in US central bank policy has soothed investor concerns and helped to lift sentiment, which is just as well given experts doubt the effectiveness of more cuts anyway.
Having sailed through a large part of the year under a cloud of heightened economic uncertainty, investors can now take some comfort from the signals given out by the Federal Reserve that the US economic expansion remains intact.
Defying US President Donald Trump’s persistent demand to cut the benchmark interest rate further, the central bank’s chair Jerome Powell said on Wednesday (November 14) that it has no imminent plan to do so. The Fed has already made three reductions this …
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