@Shop:Powell in his address last week at the Fed’s Jackson Hole symposium flagged the likely need for restrictive monetary policy for some time to curb high inflation and cautioned against loosening monetary conditions prematurely. He also warned of the potential for economic pain for households and businesses.Those comments contrast with bets for reductions in US borrowing costs next year as growth slows. The locus for much of the investor angst is the equities market, further undoing a bounce in global shares from the bear-market lows of mid-June. Other risks include China’s slowdown and Europe’s energy crisis.Powell signaled “once they get to whatever the final hike is, they’re going to stay there for a while,” Charles Schwab & Co. Chief Investment Strategist Liz Ann Sonders said on Bloom
@JeslinToh:$MAPLETREE INDUSTRIAL TRUST(ME8U.SI)$Opportune time to buy?With the recent drawback in the stock price, I personally feel that it's a good time to buy.Based on Refinitiv consensus estimate, analysts generally think that the business is likely to outperform, hence a good business to buy into with a target price of $2.981.Currently, the stock is down to $2.570, hence there is a potential upside of ~15%. Not forgetting it's attractive dividend yield of >4%.Noting that the covid measures have been furtherrelaxed even, work is returning back to the norm.And this will likely to have a positive impact on this REIT.What do you think, fellow Tiger investors?@Daily_Discussion