The US market entered a bull market this week, after the S&P 500 rebounded more than 20% from its lows in October.
This has led many investors to wonder if the rally can be sustained.
We’ll be watching out closely for the upcoming interest rate decision by the US Federal Reserve, where investors are still largely expecting that we will see a pause in the interest rate hike.
Source: Bloomberg. Prices as of marekt close on 9 June📈 A PAUSE OF A HIKE?
What happened?
The US Federal Reserve will be meeting in the coming week, with investors still largely anticipating that there will be a pause in the rate hikes.
What does this mean?
Despite surprise interest rate hikes in Australia and Canada this week, a surge in jobless claims in the US has moderated investor expectations of a further rate hike for now.
However, investors...
