Throw Away the Dot Plot
Tim Mulholland, President, TJM Limited, Chicago
You can share this podcast by copying this HTML to your clipboard and pasting into your blog or web page.
Yesterday minutes from the Federal Open Market Committee meeting were released, and it pointed toward a more flexible approach in the Fed’s gradual interest-rate increases -- this is after a ‘baked-in’ December hike, of course. The minutes have also reinforced comments made by Jay Powell a couple of days ago.
So why did US stocks close lower? Has the market euphoria evaporated already?
Tim Mulholland, President of TJM Limited in Chicago takes a closer look at the reasons why.
Presented by: Melisa Idris, Tan Chung Han
Download the BFM mobile app. Stay at home and stay up-to-date.