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Podcast: The Afternoon Update with Lynlee Foo
Episode: Money in the Market: Fed back in focus - will the tech-led rally fizzle out?
Description: Despite the US Federal Reserve expected to begin cutting rates later rather than sooner this year, markets have seen optimism due to stellar earnings results, especially from big tech firms in recent weeks. Now with earnings season largely out of the way, investors will be looking this week to more economic releases and Fed boss Jerome Powell’s testimony to Congress, where he’s expected to double down on his message that there’s no rush to cut interest rates. So how will markets react? Will the market optimism from the tech-led rally fizzle out? On Money in the Market...