Is The Market Behaving Rationally?
Tony Nash, CEO, Complete Intelligence
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US markets continued its strong trend seen in January and rallied further on news that the Fed has increased interest rates by a smaller quantum of 25bp yesterday. The statement by the Fed was quite hawkish but that the press conference was more dovish because Powell acknowledged it would take time for the full effect of rate rises to feed through to the economy. What will this mean for markets in 2023? For insights we speak to Tony Nash, CEO, Complete Intelligence.
Image credit: Shutterstock
Produced by: Michael Gong
Presented by: Chong Tjen San, Wong Shou Ning, Shazana Mokhtar
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Tags: us equities, meta, fed rate hike, chevron,