Asian and European equities and US futures jumped on Wednesday after the Federal Reserve hinted it might cut interest rates later this year. Fed Chairman Jerome Powell pledged to "act as appropriate" to maintain US economic growth in the face of a global trade war. The rally is "clear case of central banks to the […]
Global stocks are rallying as traders see Fed comments as ‘central banks to the rescue’
Asian and European equities and US futures jumped on Wednesday after the Federal Reserve hinted it might cut interest rates later this year. Fed Chairman Jerome Powell pledged to "act as appropriate" to maintain US economic growth in the face of a global trade war. The rally is "clear case of central banks to the […]