top of page

China's Central Bank Cuts Rates to Boost Post-COVID Recovery

  • Ballestas Group
  • Jun 16, 2023
  • 1 min read

This week, the market was focused on the CPI reading for May and the Fed's benchmark rate decision. The consumer price index cooled, registering a 4% year-on-year increase, its slowest pace since March 2021. However, core inflation (excluding energy and food) fell at a slower pace, 5.3%. Faced with these readings, the Federal Reserve chose not to raise rates this time, the first pause after 15 months of increases. However, while Chairman Powell did not commit to a new hike at the July meeting, he projected that the rate could rise another 50 bps before the end of the year. The consumer confidence index for June was 63.9 above the 60.1 expected by analysts and an improvement over the May figure of 59.2.Secretary of State Anthony Blinken will travel to Beijing this weekend to meet with the Chinese government with the intention of easing tensions between the two superpowers.


Recent Posts

See All
Tariff Shock and Market Response

The week was marked by a sharp drop in the main US stock indexes (S&P 500: -9.05%, Nasdaq: -9.99%), in a context of growing trade tension...

 
 
 

Comentários


ballestas-logo-blanco-1.png

Securities Offered Through Bolton Global Capital, Inc. Member FINRA, SIPC 

Advisory Services Offered Through
Bolton Global Asset Management, a SEC Registered Investment Advisor

Ballestas Group, Bolton Global Capital and Bolton Securities are not affiliated with BNY Mellon or Pershing, LLC.

State securities laws require that your Financial Representative be registered in the state in which you live.  For this listing, please refer to the Broker Check Link provided.

Check the background of your financial professional or our broker-dealers and registered investment advisor on FINRA's BrokerCheck. ​Bolton Global Capital, Bolton Global Asset Management and their financial professionals do not provide tax services. Copyright Bolton Global Capital, LLC, a registered broker-dealer.  For more information, visit https://finra.org or https://sipc.org.  Copyright Bolton Securities Corporation, d/b/a Bolton Global Asset Management and other trade names, a federally registered investment advisor.

 

Click on the following LINK for copies of the firms’ Form ADV, Client Relationship Summary, Brokerage and Advisory Accounts Fee and Conflicts Disclosure and other important disclosure information.

Ballestas Group © 2023. All Rights Reserved.

MB1/MBA0001d

bottom of page