Fed rate hike, Deutsche Bank woes, and TikTok grilling.
While everyone was watching TikTok CEO’s testimony in the US Congress, investors had their eyes glued on the latest Fed interest rate decision. The Fed raised its benchmark rate by 0.25% as expected, which led to renewed concerns about how elevated interest rates could lead to stress in the financial sector. It did not help that the cost of protecting against default by Deutsche Bank continued to spike. What should we do amidst all the volatility? We share how the latest Fed rate hike could affect your portfolio, and evaluate whether gold ETFs could be a potential safe haven amidst the current market uncertain. P.S. It's almost the end of the month, which means that the OCBC promo to get you started on a regular savings plan, and Webull’s welcome promo for new stock trading account would be ending in a few days!...
