Golden Ten Data on May 1, Chris Turner, head of global markets at ING, said that due to persistently high inflation, the Federal Reserve may delay interest rate cut expectations, and the stock market falls. A falling stock market could be positive for the dollar. In recent months, the US dollar, which is a safe-haven coin, has pump limited due to the pump in equities, despite a sharp drop in interest rate cut expectations by investors. With the Fed announcing that Intrerest Rate will remain higher for longer, there will be a sell-off in equities, which should "prove that the dollar will be a bull market story."

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)