BBX Logo Beta

Kim Forrest: Uncertain that the Federal Reserve will raise interest rates next week, optimistic about the performance of the stock market on that day

--

Kim Forrest, Chief Investment Officer of Bokai Capital Partners, stated that it is uncertain whether the Federal Reserve will raise interest rates next week. Although the decline in year-on-year hourly wage growth may indicate an increased possibility of a rate hike before the end of the year, he does not believe that this will happen next week. Today's data is not enough to panic investors and the stock market will have a positive day, which is due to the negative trend of market overreaction yesterday. (Source: Jin Shi)

Loading...