This has +ve impact. I would e

This has +ve impact. I would expect the market to turn +ve. But I do not expect a full bull run. For it to be more +ve would need to see the rate cut and that would give the final boost

No Rate Cut in Dec.? Market Ready for a Pullback?

U.S. stocks closed lower on Thursday after Federal Reserve Chairman Jerome Powell stated there is no need to rush rate cuts, hinting that a rate cut in December is unlikely. Initial jobless claims in the U.S. fell to their lowest level since May last week. Producer prices accelerated in October, indicating an upside risk to the Fed’s preferred inflation gauge. ---------- How do you expect the rate cut? Will rate cut estimates cause a big decline?

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