Sector Review

Sector movers: Cyclicals to the fore as Fed chief adopts forceful tone

By Alexander Bueso

Date: Friday 23 Aug 2024

(Sharecast News) - Cyclicals paced gains at the end of the week after Federal Reserve chief, Jerome Powell, confirmed that investors could expect a first interest rate cut for this cycle when rate-setters in the US next met.
In forceful language, Powell said that the monetary authority was neither seeking nor...

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