Hong Kong ● Tue, January 18 2022
Investors started the week on a broadly positive note on Monday but uncertainty remained ahead of an expected series of interest rate hikes by the United States Federal Reserve, while data showed growth in China’s economy slowed at the end of last year.
While the fast-spreading Omicron COVID-19 variant continues to cast a shadow across trading floors, the focus is on the US central bank’s plans to tighten monetary policy to fight surging inflation.
Fed officials were out in force last week flagging the merits of raising borrowing costs as soon as March, though boss Jerome Powell said they would be careful to ensure they do not knock the recovery in the world’s top economy off course.
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