Dovish Fed shift lifts Asian shares, dollar nurses losses
Shares in Asia rose on Thursday after the U.S. Federal Reserve took a more accommodative stance at its policy meeting, but concerns over slowing global growth and U.S.-China trade talks are expected to limit gains. Read More @ https://www.reuters.com/article/us-global-markets/dovish-fed-shift-lifts-asian-shares-dollar-nurses-losses-idUSKCN1R2025?feedType=RSS&feedName=businessNews&utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+reuters%2FbusinessNews+%28Business+News%29
WHAT IS THE PSEi & NOW CORPORATION TECHNICAL CHARTS SAYING?
Fed, Dimming Its Economic Outlook, Predicts No Rate Increases This Year
The Federal Reserve said Wednesday that the United States economy was slowing more than it had previously thought and painted a far less rosy economic picture than the White House as it left interest rates unchanged and signaled little appetite for raising them again in the near future.
Jerome H. Powell, the Fed chairman, said the economy “is in a good place” in a news conference. But he and his colleagues said growth appeared to be slowing from last year, under the weight of the Trump administration’s trade war, economic slowdowns in Europe and China and fading stimulus from the Republican tax cuts of 2017. Read More @ https://www.nytimes.com/2019/03/20/us/politics/fed-rates.html?partner=rss&emc=rss
PRESIDENT DUTERTE ADMINISTRATION – FOREIGNERS BELIEVE IN THE PRESIDENT TEAM.
Foreigners continues to flood the PSEi – and we too believe in President administration; more on the economics will be discussed soon.
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