Fed Policy Makers Sound Open to Trimming Interest Rates Again
Federal Reserve policy makers generally sound open to reducing interest rates again, though they’re far from committing to do so. That’s the message gleaned from comments on Friday by U.S. central bankers, including influential Vice Chairman Richard Clarita. The floodgates of money is re-opened
- FED is pouring liquidity to the market; this can be double edge sword
- PSEi is being cautious as there could downturn in the US; leading to recession
- PSEi will not be spared and it will tandem with US market
- PSEi is now seating at MA200 and at tipping point; if t breaks the MA200 today then there will more downside for PSEi.
- We stay cautious.
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