More Blood Spilt in Wake of UK, SNB Rate Hikes
Tim Mulholland, President, TJM Limited
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US markets cratered again last night following rate hikes from the UK and Switzerland, taking year-to-date losses on the S&P to -23%, prompting more hand-wringing and worry. Tim Mulholland, President, TJM Limited in Chicago, discusses what's in store for the second half of the year following a torrid first half.
Image Credit: Shutterstock.com
Produced by: Michael Gong
Presented by: Khoo Hsu Chuang, Philip See, Wong Shou Ning
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Categories: markets, economy, international
Tags: interest rate hike, monetary tightening, central banks, bear market, recession,