It’s been a busy week for central banks, and of course a week filled with anxiety for us investors. For one thing, the Fed has raised interest rates by yet another 75 basis points in a bid to prevent price increases from being entrenched in the US economy.
But perhaps what’s more interesting is where the Fed see the US economy going and what it wants to do in the future. That’s especially so as the central bank moves into a restrictive monetary policy territory that could more seriously impact the economy.
On Market View, Prime Time's finance presenter Chua Tian Tian unpacked details from the latest FOMC meeting with Luke Browne, Senior Portfolio Manager and Head of Asset Allocation, Multi-Asset Solutions Team Asia, Manulife Investment Management.
Details on possible IPOs in Hong Kong- Alibaba’s Cainiao Network Technologies; JD.com units filed for IPOs; Singapore stock market wrap