Wednesday August 12, 2020

Bears still lurk on Wall Street

After 17 successive rate hikes, the US Federal Reserve finally took a breather last week, electing to leave rates unchanged, for now at least.

12th August, 2006

After 17 successive rate hikes, the US Federal Reserve finally took a breather last week, electing to leave rates unchanged, for now at least. While bulls did not get any assurances that the era of rate increases was over, its end does look in sight. The picture is far from rosy, however, with a weakening economy, sector weakness and a dodgy historical outlook suggesting that the coming months may be troubling to market bulls.

Fed Chairman...

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