I was expecting some intervention from the US as the DOW kept dropping like no tomorrow. As expected, FED came and mention that they are ready to cut interest rate due to the recent international trade dispute that are hurting the world economy.
Banks like UOB which kept dropping like the end of the world is coming suddenly had a positive setup.
US inflation looks poised to rise in the future.
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The latest 1-year inflation expectation had spiked to 3.8%.
This spike could be caused by the Iran war and the US consumers were
expecting higher inflatio...
2 hours ago

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