Reason 1: Chair Jerome Powell said that the Fed could start to dial back rate hikes in future meetings, giving the economy a bit of a breather from punishing interest rate spikes that have slowed hiring! The interest rate will only slow down after mid 2023. Fed is not yet easy on inflation!
Reason 2: Several top Chinese scientists have called for hypervigilance against the possible collision of Covid-19 and influenza outbreaks this winter as coronavirus cases again rise in some major cities. So, there is serious issues still around to continue lockdown!
Reason 3: Russia-Ukraine war: 24-hour curfew imposed in Kherson as Putin calls for people to leave city – as it happened. The Geopolitical tensions are still growing day by day!
Don't get trap with one news. Slow down and make right decision.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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