U.S. stocks rally shows Wall Street wrong on Fed's rates outlook

In the latest CGTN report, Chief Strategist, Jimmy Zhu, shared his views on the US Stocks and the outlook of Fed policy.

Key takeaways include:

✅ In July, the S&P rose 9.1%, the Dow added a 6.7% gain, and the Nasdaq Composite also went up about 12.3%.

✅ Fed policy is focused on reducing inflation.

✅ Traders expect interest rates to hit around 3.4% in December.

✅ Various manufacturing and consumption indicators point to a deteriorating US economic outlook.

✅ The impact of the Fed's policies on the economies of Asian countries.

Read the full report here: https://news.cgtn.com/news/2022-08-01/U-S-stocks-rally-shows-Wall-Street-wrong-on-Fed-s-rates-outlook-1c8SLDchdYI/index.html