Softer Fed Tone But Don't Get Too Excited

Tony Nash, CEO, Complete Intelligence

24-Nov-22 07:00

Softer Fed Tone But Don't Get Too Excited

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The released Fed minutes show that most officials are backing a slower pace of interest rate hikes. Markets reacted positively but this is false optimism as the terminal Fed Funds Rate may eventually be higher. The 3Q reporting in the US is also coming to a close and 75% of corporates experienced downgrade in earnings. Have the cut in earnings by analysts been adequate or will there be further downside, with 2023 outlook still uncertain? For answers, we speak to Tony Nash, CEO, Complete Intelligence.

Image credit: Shutterstock

Produced by: Michael Gong

Presented by: Shazana Mokhtar, Wong Shou Ning, Chong Tjen San

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Categories: Corporates, markets, economy, international

Tags: fed funds, interest rate hike,

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