Business
How this week’s Fed meeting could impact ASX 200 shares
The consensus is that no matter what US Federal Reserve Chairman Jerome Powell tells the press today (overnight Aussie time), it will impact S&P/ASX 200 Index shares.
Rick Rieder is BlackRock’s CIO for global fixed income. As quoted by CNBC, Rieder said:
I think the last press conference, I think I watched with one eye, and listened with one ear. This one I’m going to be tuned in to every word, and the markets are going to be tuned in to every word. If he says nothing, it will move markets. If he says a lot it will move markets.
As you may know, the Fed has been meeting behind closed doors for the past 2 days. Tomorrow morning – or tonight, if you’re keen enough to tune in – ASX 200 investors will have a clearer picture…
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