Shane Solly: Harbour Asset Management spokesperson on the US potentially cutting interest rates
Heather du Plessis-Allan Drive · Newstalk ZB
August 26, 20242m 57s
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Show Notes
US Federal Reserve chair Jerome Powell has hinted interest rate cuts could be coming from September.
In a recent address, Powell indicated upside risks to inflation have diminished, and the downside risks to employment have increased.
Harbour Asset Management's Shane Solly says these comments struck the right tone with markets, causing sharemarkets to go up as a result.
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Topics
USbusinessmoneyUS Federal Reserverate cuts