MEDIA

U.S. Fed's Rate Cut in 2019 is Done mid Less Global Uncertainties

Posted by Jimmy Zhu on Oct 31, 2019 5:43:57 PM


The US Federal Reserve, in a hawkish move, announced a pause in rate cuts in its overnight policy meeting. Surprisingly, the dollar slumped while US stocks gained.
In his exclusive CGTN report, Chief Strategist Jimmy Zhu explains reasons behind the weakening dollar and why a fourth rate cut in near term isn’t justified