Your bite-sized weekly update (26 June)
By Beansprout  •  June 25, 2022
What happened in the past week? <img src="" alt="Diagram Description automatically generated"> Source: Bloomberg. Weekly price change as of market close on 24 June. All about the Fed

By now, you would probably have come to realise that what really drives the market these days is what the US Federal Reserve (Fed) says and does. 

It was then not a surprise that everyone was focused on what Fed Chairman Jerome Powell had to say in his testimony to the US Congress and Senate this week. 

When he mentioned ‘demand destruction’, it led an initial bounce as investors became more confident of a potential scenario where interest rates may not go up as much by year end. 

These hopes were further boosted when the final reading of the University of Michigan consumer sentiment survey showed a 5-year inflation expectation of 3.1%. This was back to where it was for most

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By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.

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