Traders work on the floor of the New York Stock Exchange on the last day of the trading year on December 31, 2018. The Dow finished up over 250 points on the final day of 2018. Photo: AFP
Opinion
Opinion
Macroscope
The Federal Reserve’s dovish stance might not last as long as exuberant investors expect
- While markets’ optimistic response to progress on a US-China trade deal and Chinese economic stimulus seems sensible, expectations that the Fed will continue its leniency in this cycle may be overblown
Traders work on the floor of the New York Stock Exchange on the last day of the trading year on December 31, 2018. The Dow finished up over 250 points on the final day of 2018. Photo: AFP