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After the Fed wraps up a rate-hiking campaign, tech stocks don’t just rally with the rest of the market – they tend to absolutely soar!
Asian markets fluctuated Thursday following a plunge on Wall Street as a forecast-beating US jobs report revived worries about the Federal Reserve's interest rate-hiking campaign.
Fed officials have said they remain hopeful the economy can adjust without massive job losses, allowing their rate-hiking campaign to end in a so-called "soft landing" instead.
Source: https://www.bbc.co.uk/news/business-64415990?at_medium=RSS&at_campaign=KARANGA
Gold prices inched up on Thursday, hovering near an eight-week peak on bets that the U.S. Federal Reserve might soon hit pause on its interest rate-hiking cycle.
It's not official yet, but it sure seems likely that Jerome Powell and the Federal Reserve have reached the end of their rate-hiking cycle.
Source: https://www.startribune.com/fed-hikes-are-probably-done-now-what/600274643/
The property sector, which tends to be especially sensitive to interest rate hikes, gained 1.3 cent amid the hopes the RBA might be near an end to its rate-hiking cycle.