$CityDev (C09.SG)$ Federal Reserve chairman Jerome Powell ga...
Federal Reserve chairman Jerome Powell gave a speech yesterday night emphasizing that "Rate cuts are not on a PRE-SET PATH"
This is extremely bullish for CDL as it implies that the Federal reserve is open to rate cuts of MORE THAN 75bps for this year.
$Citigroup (C.US)$ Citi analyst has earlier this year forecasted that the Fed could potentially cut rates BY UP TO 225BPS. ( see article source here) OCBC turns defensive to ‘protect interest income’ as rate cuts loom
The signal from the fed suggests that rates can go lower than what was initially expected by the market
CDL is well positioned to ride on the tailwinds provided by global central banks
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I like to identify cheap stocks which is under the radar for SIGNIFICANT UPSIDE and Gains
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