MARKETS surged on Wednesday after Jerome Powell, the Federal Reserve (Fed) chair, indicated that the world’s most powerful central bank would slow the pace of rate increases this month.
The fact that this remark was balanced by warnings about the uncertain outlook for inflation and policy proved irrelevant for markets. All that they heard was the good news.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!