Business
Unlikely ASX stock winners from the change in the Fed’s inflation policy – Motley Fool Australia
The change in the US Fed’s inflation policy late last week may create unlikely winners on the S&P/ASX 200 Index (Index:^AXJO).
While the change in the US Federal Reserve inflation policy late last week failed to translate to any meaningful gains for the S&P/ASX 200 Index (Index:^AXJO), make no mistake that this will impact on your ASX portfolio.
The move by the Fed to use the average inflation to control price increases excited US investors. This is because it clears the way for the US central bank to ramp up stimulus as it isn’t constrained by fears of a short-term surge in inflation.
The Reserve Bank of Australi…
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