Markets continue to power northwards on expectations of rate cuts

Quick Summary:

US payrolls rose by 227,000 in November, raising Wall Street’s bet on a 25 basis points Fed rate cut to 80%.

All eyes will be on US Fed chairman Jerome Powell and his team when they meet on Dec 17 and 18.

SINGAPORE - All the ingredients for a year-end Santa Claus Rally seem to be falling into place, judging by the data flows that have powered markets over the past couple of weeks.

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Article Details

Author / Journalist: Ven Sreenivasan

Category: EconomyBusiness

Markets: Singapore

Topics: Latest First Months Stories Unlimited Data Rate 99/month Subscriber-only Access Labour

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-09 @ 05:00:00 (2 weeks ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 219 words

Reading Time: 2 minutes read

Sentences: 7 lines

Sentence Length: 32 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 24241987

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 15 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 2 hours ago

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Publisher ID: #25

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