In the latest CGTN report, Chief Strategist, Jimmy Zhu, shared his views on the US Stocks and the outlook of Fed policy.
Key takeaways include:
✅ In July, the S&P rose 9.1%, the Dow added a 6.7% gain, and the Nasdaq Composite also went up about 12.3%.
✅ Fed policy is focused on reducing inflation.
✅ Traders expect interest rates to hit around 3.4% in December.
✅ Various manufacturing and consumption indicators point to a deteriorating US economic outlook.
✅ The impact of the Fed's policies on the economies of Asian countries.
Read the full report here: https://news.cgtn.com/news/2022-08-01/U-S-stocks-rally-shows-Wall-Street-wrong-on-Fed-s-rates-outlook-1c8SLDchdYI/index.html