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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: How should you allocate your assets in anticipation of further delays in interest rate cuts?
Description: Questions on when the US Fed will cut its benchmark interest rate for the first time this year are rising. But Fed Chair Jerome Powell and policymakers are expected to play it safe when they meet this week, keeping their rate unchanged for a fifth straight time. That’s as they still need further evidence that inflation is returning to their 2% target. On Money in the Market, Hongbin Jeong speaks to Danish Lim, Investment Analyst, Phillip Nova to find out more on what to expect in the interest rate decision later tonight. See omnystudio.com/listener for priva...