Buying momentum may spill over to this week, but investors are bracing for a tough September ahead of the US Federal Reserve's policy meeting this month
Volatility has gripped global financial markets since Fed chairman Ben Bernanke signalled in mid-May that the US central bank may begin winding down its stimulus program if the economy improves. The Fed's $85-billion bond-buying program – the third tranche of what has come to be called “quantitative easing” (QE3) – has been a key driver of equities rallies in the past several months.
Volatility has gripped global financial markets since Fed chairman Ben Bernanke signalled in mid-May that the US central bank may begin winding down its stimulus program if the economy improves. The Fed's $85-billion bond-buying program – the third tranche of what has come to be called “quantitative easing” (QE3) – has been a key driver of equities rallies in the past several months.
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