BBH View: Risk sentiment remains positive but limited after the Fed's neutral rate cut
ChainCatcher news, according to Golden Ten Data, Elias Haddad, Senior Market Strategist at Brown Brothers Harriman, stated that after the Federal Reserve FOMC meeting, there was some consolidation in the financial markets. Overall, risk sentiment is positive as rate cuts will further fuel the rally, but this is a neutral rate cut rather than a dovish one, and this fact has limited the gains in risk assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
All three major U.S. stock indexes closed higher, reaching new record highs.
The US Dollar Index rose by 0.49%, closing at 97.349.
The Dow Jones Index closed up by 123.92 points, with both the S&P 500 and Nasdaq also rising.
