Daily Market Report (23 July 2019)
- High expectations of a rate cut by the Feds soon may spur some buying in equities as investors will be hoping for further rate cuts going forward.
- Though the quantum of the rate revision may be lower than expected, many are expecting that this will not be the final rate revision by the Feds this year.
- Consensus is anticipating a 50bps reduction but the Feds may be looking to accede to a 25bps cut.
