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Fed Says No Recession Likely

11 mins·07:00, 28 Jul 2023
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Fed Says No Recession Likely

11 mins
·
07:00, 28 Jul 2023
·

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Guest: Tim Mulholland, President, TJM Limited, Chicago

After increasing rates by another 25 basis points this week, Federal Reserve chair Jerome Powell disclosed that the US central bank does not believe a recession is imminent this year. This means the past rate hikes have been effective despite inflation still above the 2% target. Tim Mulholland, President of TJM Limited, Chicago breaks down the reaction so far from equities to commodities and the factors behind it.

Image by: Shutterstock

Presenter: Keith Kam, Shazana Mokhtar, Mark Tan

Producer: Mike Gong

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