I have returned recently from a lovely Christmas holiday in the USA. Indeed, I'm happy to report that despite America's political turmoil and divisiveness, families can still celebrate together (with minor exceptions)!! Regarding the US financial market outlook, I was struck by the universal sense of optimism. The consensus is the bull market will widen [...]
Tag: powell
Powell Pivot: What Could Go Wrong or Right?
14 January 2024 On December 13, just weeks after warning it was premature to think the Federal Reserve would begin lowering interest rates, the US central bank gave the green light to at least three cuts in 2024. To be sure, consistent communication has never been a strong point of Chairman Jerome Powell's premiership. Nonetheless, [...]