As I said before and still commit to my belief... Be careful of value trap in Insas. That does not mean Insas is a lousy counter but just too stingy in rewarding their shareholders. Unless they change their policy in their incentives for their shareholders, I will not be interested to buy their shares.
However, comparing Insas with Jaks, Insas is way better. At least even if you are stuck there, you still get some dividend. Jaks? I think putting money in bank FD would be better. No need to worry. No need to promote day and night. 🤣🤣🤣
Haiyoh China is world leader replacing US already leh. With so many countries pun on China sides leh. End of US era is coming kah. Haiyoh. Correct? =============
anwar not in Beijing..... what is wrong with anwar?
Federal Reserve Chair Jerome Powell will take the podium in New York on Thursday with his colleagues at the U.S. central bank in apparent agreement to hold interest rates unchanged at their next meeting in two weeks but with still-great uncertainty about what happens after that.
In remarks scheduled for 12 p.m. (1600 GMT) at the Economic Club of New York, Powell will all but close out a frenetic month following U.S. monetary policymakers' last meeting in mid-September, when they opted to leave their benchmark lending rate unchanged in a range of 5.25% to 5.50% to assess how the economy was evolving.
Since then, data has shown U.S. job growth reaccelerating unexpectedly, retail sales defying predictions of a slowdown and varying measures of prices offering up inconsistent signals as to whether inflation is on track to return to the Fed's 2% target in a timely manner.
We think the Fed chair will stick to the message delivered by Vice Chair (Philip) Jefferson that the data has been coming in stronger than expected, but there has also been a big move in yields, which has tightened financial conditions, so no urgency for a policy response in November and the Fed can adopt a wait-and-see approach," Evercore ISI Vice Chairman Krishna Guha wrote.
Indeed, another senior Fed official - Governor Christopher Waller - on Wednesday said he wants to "wait, watch and see" if the U.S. economy continues its run of strength or weakens in the face of the Fed's rate hikes to date. It was a notable signal from one of the Fed's more hawkish policymakers that rates for now look set to remain where they are, and it parallels recent commentary from other officials during the turbulent inter-meeting period.
Should they leave rates unchanged in two weeks as is now widely expected, it would mark the first back-to-back meetings with no rate increase since the Fed kicked off its hiking campaign in March 2022.
While inflation has abated significantly from its peak levels in June 2022, progress has been choppy and Fed officials like Waller are eager to see if the tightening they've delivered so far begins to "bite" and slow activity sufficiently to return inflation to target without causing a recession.
A Reuters poll of more than 100 economists published on Wednesday showed more than 80% expect no rate hike at the next meeting, and most also believe the Fed is done with rate hikes even though a majority of policymakers at their September meeting projected one more quarter-point increase was likely to be needed by year end.
Many in the poll offered the caveat that if progress on inflation stalls out or reverses, the Fed would not hesitate to resume raising rates.
Waller said as much on Wednesday: "If the real economy continues showing underlying strength and inflation appears to stabilize or reaccelerate, more policy tightening is likely needed despite the recent run-up in longer-term rates."
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Johnchew5
11,717 posts
Posted by Johnchew5 > 2023-10-18 06:49 |
Post removed.Why?