The U.S. Federal Reserve (“Fed”) tabled an emergency 0.50% interest rate cut Tuesday, its first such move since the 2008 Financial Crisis, catalyzing other Central Banks to follow suit. In addition, post cut commentary from Powell “implied additional rate cuts will be forthcoming”. In contrast, two hours before the Fed’s cut, a press release from G7 Finance ministers indicated that they’re ready to act, but not yet. As is so often the case, to quote two clichés, timing is everything and action speaks louder than words.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.
Alternative asset manager offering investment solutions that find a balance between asset protection and capital enhancement.