03 Nov 2023
The U.S. inflation rate in May was 4%, the lowest in more than two years. But Fed’s Chairman Powell said that Inflation has not really fallen;
The Fed reaffirmed its firm commitment to its goal of reducing inflation to 2 percent.
The three major U.S. stock indexes were mixed on Wednesday. Although the three major stock indexes have hit new highs this year so far, that’s largely because a handful of companies posted outsized earnings.
I don’t think the Fed is done raising rates yet,
The interest rate is likely to increase by 0.25 percentage points to 5.6% before the end of this year but it is not known whether the interest rate will be raised in July or September?
Investors should watch what happens to U.S. inflation and unemployment rates over the next few months.
No matter how interest rates move, I suggest investors understand their risk tolerance.
Make mid-term to long-term investment plans and proper asset allocation
Doing so will allow us to not be disturbed by short-term market fluctuations.
Take the challenge ahead calmly and focus on reaping long-term rewards.
The above is my view on the market. For more details, you are welcome to contact me.
Wishing everyone a happy weekend.
