The US Federal Reserve Chairman, Jerome Powell, has come out to make a few statements regarding the interest rate policy, and he brings bad news. He intends to hold off on Interest Rate Cuts beyond March until he sees further indication that the inflation rate will stabilise at 2%.
The US Stock Market has tanked as a result, S&P 500 falling 1.5%. Mr Loo has come out to make statements of his own: describing the bad news, and outlining some pieces of good news for investors. Listen in for more!
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