Abrdn trims forecast for Fed rate cuts amid sticky inflation

Quick Summary:

Abrdn Investments, the UK-based global investment and asset manager, has nearly halved its forecast for Federal Reserve rate cuts next year based on signals of rising inflation under US president-elect Donald Trump.

Among emerging markets, the Indian and Chinese bourses hold good potential given the nations' economic growth, noted Abrdn.

Mr Zhang said the brokerage has a positive view of developed stock markets such as the US, with Wall Street tech equities expected to grow.

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Category: EconomyBusiness

Markets: ThailandChinaIndia

Topics: Year Rate Trump China Zhang Global Inflation Policies Cuts Interest Abrdn

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-15 @ 04:00:00 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 560 words

Reading Time: 4 minutes read

Sentences: 24 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23595325

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