US Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington on October 30, the day the Fed lowered interest rates by 25 basis points amid a further slowdown in US economic growth. This was the central bank's third rate cut this year. Photo: Xinhua
Nicholas Spiro
Opinion

Opinion

Macroscope by Nicholas Spiro

The Fed thinks the US-China trade war and Brexit risks have receded. Investors should avoid making the same mistake

  • Investors have shown a tendency to swing between extremes, reacting to news with excessive bearishness or bullishness. It’s jarring to see the Fed do the same, ruling out more rate cuts because of fleeting progress in Brexit and the trade deal

TOP PICKS

US Federal Reserve Chairman Jerome Powell speaks during a press conference in Washington on October 30, the day the Fed lowered interest rates by 25 basis points amid a further slowdown in US economic growth. This was the central bank's third rate cut this year. Photo: Xinhua
READ FULL ARTICLE