Why stock market is still up without rate cuts

Quick Summary:

Even without any interest rate cuts so far in 2024, the stock market has been purring along.

The US Federal Reserve has disappointed investors in 2024, but no matter.

That’s quite an achievement, given the expectation in January that the Fed would trim rates six or seven times in 2024 – and that interest rates throughout the economy would be much lower by now.

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Article Details

Category: EconomyBusiness

Markets: Singapore

Topics: Market Been Cuts Stock Likelihood Interest Meagre Rate Reduction 2024 Year

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-28 @ 05:00:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 218 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © The Straits Times

News ID: 21405610

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About The Straits Times

Main Topics: EconomyBusiness

Official Website: straitstimes.com

Update Frequency: 16 posts per day

Year Established: 1845

Headquarters: Singapore

News Last Updated: 1 hours ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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Publisher ID: #25

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