Fed Says No Recession Likely

Tim Mulholland, President, TJM Limited, Chicago

28-Jul-23 07:00

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After increasing rates by another 25 basis points this week, Federal Reserve chair Jerome Powell disclosed that the US central bank does not believe a recession is imminent this year. This means the past rate hikes have been effective despite inflation still above the 2% target. Tim Mulholland, President of TJM Limited, Chicago breaks down the reaction so far from equities to commodities and the factors behind it.

Image by: Shutterstock

Produced by: Mike Gong

Presented by: Keith Kam, Shazana Mokhtar, Mark Tan

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Categories: markets, international, economy

Tags: the feds, us markets, rate hikes,

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