US Federal Reserve chairman Jerome Powell speaks during a press conference in Washington on December 19. The Fed on Wednesday raised short-term interest rates by a quarter of a percentage point, but signalled a slower pace of rate hikes next year as the US economy is expected to cool. Photo: Xinhua
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

Why Federal Reserve rate hikes and US market fundamentals should cheer bearish investors

  • Nicholas Spiro says the Federal Reserve’s determination to raise rates should be seen as a sign that a recession is not imminent, and the IMF’s predictions for 2019 are less bearish than investors’

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US Federal Reserve chairman Jerome Powell speaks during a press conference in Washington on December 19. The Fed on Wednesday raised short-term interest rates by a quarter of a percentage point, but signalled a slower pace of rate hikes next year as the US economy is expected to cool. Photo: Xinhua
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